Cathay Life eyes stocks after de-risking portfolio

Cathay Life plans to increase its allocation to domestic equities amid the current market correction,  after having cut its exposure to stocks in the later months of last year. A senior executive of parent Cathay Financial Holdings said the life insurer had reduced its exposure to equities while holding more cash in anticipation of a large correction in the market since the third quarter, in an audio conference to announce its 2019 results on Tuesday (March 17). Cathay Life’s ca…