Fubon Life eyes US credit, shuns US Treasuries
The Taiwanese insurer is also keen on Formosa bonds and high-dividend stocks, but has zero US Treasuries and is waiting for yields to rise before it buys more foreign fixed income.
Fubon Life bought more US investment-grade credit late last year as prices tumbled, but has no exposure to US Treasuries and is awaiting a fresh pick-up in yields before stepping up its investment in offshore fixed income.
The Taiwanese insurer will continue buying North American bonds, international foreign-currency bonds listed in Taiwan (known as Formosa bonds) and high-dividend stocks this year, a spokeswoman said on an analyst call on March 24, after the company announced its…
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