Cathay Life seeks assets to benefit from market recovery

Cathay Life is carefully identifying investment targets as it considers assets that could outperform in a post-Covid-19 world. The NT$6.41 trillion ($212.74 billion) fund raised its cash position in the second-half of 2019 after high asset values prompted the Taiwanese insurer to de-risk its portfolio. "The Covid-19 pandemic has pushed the world into recession. Cathay Life will keep an eye on the impact of Covid-19 and will also think what a post Covid-19 world would look like,”…