Cathay Life, Fubon Life eye more US debt, strong stock positions

Cathay Life and Fubon Life are expected to increase their exposure to US bonds while maintaining overall investment allocations to equity that increased during the first half, as the Taiwanese insurers seek to offset the impact of interest rate drops. Cathay Life’s NT$6.63 trillion ($225.64 billion) investment portfolio had 6% of its funds invested in domestic equity as of June 30, up from 5% as of the end of 2019. The asset class has delivered the highest return of 8.8% in its po…