Philippine insurer aims to lift Asian equity allocations

A Philippines-based insurer told AsianInvestor it plans to add to equity allocations on the expectation that the asset class will outperform this year. “We expect to increase our allocation to Philippine and emerging market Asian equities, which are the asset classes we see outperforming this year against the backdrop of flattening yield curve and above-par growth,” said Rowena Empalmado, chief operating officer and head of the investment team at EastWest Ageas Insurance. EastWe…