The life insurer prioritises balance-sheet stability and market liquidity over yield-chasing, favouring larger bond issues and benchmark tracking through deteriorating return prospects and elevated hedging costs.
Tag : fixed income
Industry experts share their outlook on bond markets and what to expect from the Fed, Bank of Japan and other major central banks.
In partnership with L&G Asset Management
Investors can no longer overlook the performance and influence of emerging markets (EM) in the global economy. After delivering robust returns in 2025 despite global volatility, selective parts of the EM debt universe deserve a bigger role in global allocations, say L&G’s Ben Bennett, head of investment strategy for Asia, and Uday Patnaik, head of Asia fixed income and global EM debt.
Institutions are also reevaluating the concept of a risk-free rate with developed nations' debt piling up, an AsianInvestor conference heard.
In partnership with L&G Asset Management
In a fluctuating and, frankly, precarious US macro environment, investors are rethinking where in the fixed income landscape to allocate. With diversification essential, we believe US securitised assets and subordinated bank debt offer key opportunities for asset allocators in Asia, say L&G’s Ben Bennett, head of investment strategy for Asia, and Jason Shoup, global co-head of fixed income.
Local currency and default risks are among the challenges for investors navigating emerging market debt. But they can be a good play for those looking to unwind some of their US debt positions, experts say.
In partnership with L&G Asset Management
There is growing potential for European credit to play an increasingly important part of global fixed income portfolios, as resilient corporate fundamentals, attractive yields and supportive policy underpin valuations. L&G’s Ben Bennett, head of investment strategy for Asia, and Marc Rovers, head of European credit, explore how investors in Asia and globally seek to selectively capture diversified income opportunities in the region.
A combination of disciplined fiscal management, resilient corporate earnings, and a decoupling from US monetary policy is reshaping the investment case for emerging markets, drawing renewed interest from global portfolios.
In partnership with L&G Asset Management
With the US economy exhibiting higher inflation and interest rates, dynamic duration management is a powerful – and essential – tool for global bond portfolios, according to L&Gs Ben Bennett, head of investment strategy for Asia, and Ian Hutchinson, head of global bond strategies.
Malaysia's national reinsurer is positioning for reinvestment risk and liquidity challenges while finding opportunities in domestic credit markets, as conservative fiscal policies and stable fundamentals provide a counterweight to global uncertainty.
The journey for an active ETF from product launch to institutional portfolio in Asia can take years, as chief risk officers and due diligence teams move slowly to get comfortable with their innovative structures.
With the long-standing dominance of US funds questioned due to outflows, Asian markets including South Korea, China, and Taiwan narrowed the performance gap and attracted new interest on the back of strong rebounds.
