China Life, Manulife emphasise fixed income tilt amid rate, regulatory shifts

China Life Insurance Overseas and Manulife Asia will continue to tilt their portfolios towards fixed income assets into 2024 given expectations for a high-rate environment and changing regulatory and accounting rules for insurers. Senior investment executives from the Asian life insurers noted assets like private credit offer more diversified global income-generation potential in the current high-rate environment. Courtney Wei, China Life Overseas Under the assumpti…