Fubon Life reduces China bond exposure

Even as foreign institutions bought record volumes of mainland Chinese government bonds, Taiwan’s Fubon Life slashed its exposure to China’s fixed income due to scepticism about the country’s economic growth. “[In the fixed income investment space], allocations to North America have indeed risen in the fourth quarter, while those to Asia have gone down….we had a bit of doubt about the economic growth in China last year, so we reduced our exposure to some Greater China bonds,” a se…