Fosun eyes more fixed-income mandates

China’s Fosun Group is likely to issue more international bond mandates on behalf of its insurance businesses to help boost their investment returns, despite concerns about the potential impact of an inflation shock or US interest rate rises on fixed income assets. However, the Shanghai-based conglomerate is not raising its allocation to what is sees as higher-risk alternative investments, in light of the high capital charges they attract. But it would consider moving into infrast…