Sun Life eases out of China, Hong Kong equity exposure as geopolitical risks mount

Sun Life Financial Asia has dialled down its positions in Hong and China equities over the past year in a bid to absorb risks stemming from geopolitical tensions. Even though valuations are now relatively cheap in both markets, with most macroeconomic risks being priced in, Sun Life is not likely to be bullish towards them any time soon. Instead, the Asian arm of the Canadian life insurer will aim towards greater diversification across Asia, especially in the Association of Sout…