© Reuters.
TOKYO (Reuters) -Sumitomo Life Insurance plans to step up investment in foreign bonds without forex hedge within the six months to March because it sees limited risk of a stronger yen, a high investment planning official mentioned on Tuesday.
Japan’s fourth-largest insurer additionally plans to enhance holdings of home bonds in addition to foreign shares and bond funds, Toshio Fujimura, normal supervisor of investment planning, advised reporters.
Following is a abstract of Sumitomo Life’s investment plan for the half yr to March.
— Plan to enhance holdings of foreign bonds without forex hedge by a number of hundred billion yen. It invests in U.S. and Asian markets.
— Plan to cut back foreign bond investment with forex hedge by about 100 billion yen ($0.88 billion) whereas persevering with to give attention to credit score merchandise.
— Plan to enhance foreign shares and funds, together with bond funds and various belongings, presumably by a number of hundred billion yen. In the final half yr, the agency has elevated holdings in these belongings by 250 billion yen.
— Expect U.S. inflationary stress to progressively subside in 2022, permitting the Federal Reserve to maintain off elevating rates of interest till 2023.
— Plan to enhance yen bond holdings by about 100 billion yen, shopping for super-long Japanese authorities bonds.
($1 = 113.70 yen)
Fusion Media or anybody concerned with Fusion Media is not going to settle for any legal responsibility for loss or injury on account of reliance on the data together with knowledge, quotes, charts and purchase/promote indicators contained inside this web site. Please be totally knowledgeable relating to the dangers and prices related to buying and selling the monetary markets, it is likely one of the riskiest investment types doable.
