Weekly investors roundup: Japan's life insurers shun foreign bonds; Taiwan's PSPF suffers loss
Japan’s life insurers are bailing out of foreign bonds at a record pace; Taiwan's Public Service Pension Fund sees ten months of consecutive losses; Korea Investment Corporation has made its first direct investment in an asset management firm; and more.
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Japan’s life insurers are bailing out of foreign bonds at a record pace and offloaded a net ¥1.9 trillion ($14.1 billion) of overseas debt in November, an all-time high, according to preliminary portfolio flow data from the Finance Ministry on December 8.
Separate balance-of-payments data for October showed Japanese investors overall were net sellers of U.S., French and German debt. The cost to hedge positions against swings in the yen has surged this year a…
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