ABL Life set to add more renewables for stable yields
The $20 billion South Korean life insurer wants to add more renewables in its real asset portfolio to raise its overall quality, while seeking to avoid deeply discounted assets.
The search for quality assets that generate stable returns has led ABL Life to take investing into renewable assets in infrastructure and real estate up a notch as it gears up for greenfield projects.
“We are considering jumping into some greenfield renewables too, and we actually did,” Jiroo Eoh, the insurer’s head of infrastructure and real asset investments, told AsianInvestor in an exclusive interview. The plan to add more renewables forms part of its strategy to expand real a…
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