Sumitomo Life division sees sell opportunity
The firm’s separate accounts division may lock in gains and buy on dips if Japanese equities rise further. It has raised exposure to foreign stocks and may in international bonds as well.
The general manager of Sumitomo Life’s separate accounts division will look to sell on further rises in the domestic stock market, locking in gains and seeking to buy back on the dip.
Tomonari Kadoumi runs the firm’s ¥3 trillion ($29 billion) segregated accounts department, invested for corporate pension funds and individuals chiefly via single-premium variable annuities.
It offers a variety of investment products, with one balanced fund and 13 individual asset funds. This inclu…
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