Sun Life Philippines awaiting new rule to diversify overseas

Sun Life of Canada Philippines, the country's second-largest life insurer by assets, hopes it will finally be able to increase its exposure to risky assets by the end of the year following the introduction of a new regulation to loosen strict investment restrictions. “We recognise that we need to chase yield and to dial up on risk,” chief investment officer Michael Gerard D. Enriquez told AsianInvestor. “We are looking to diversify not only on asset class but also offshore, as soo…