Asian insurers tipped to boost EM debt exposure

Asian life insurers are poised to boost their exposure to emerging-market bonds, following Britain's June 23 vote to leave the EU raising expectations that global interest rates will remain ultra-low for even longer, argues Richard House, head of EM debt at Standard Life Investments. Following six successive quarters of outflows, emerging markets saw a rally in demand in the second quarter of this year that is tipped by many to continue. Institutions such as insurers can take mont…