Kyobo Life diversifies assets overseas
The $47 billion insurer is tilting away from US investment-grade credit to high-yield, distressed and private-equity strategies.
Kyobo Life Insurance has been in the process of decreasing its overseas investments and it will continue to rebalance its portfolio this year.
Chung Eunsoo, head of the investment management division of Kyobo Life Insurance, says that it has switched its main investment allocation in US credit securities to more diversified areas such as alternatives investments. Those include high-yield securities, distressed debt securities, and both local and overseas private-equity funds.
One of t…
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