Dai-Ichi Life Looks at Asian Bonds

After sharply boosting its investment in Asian equities in the past two years, Dai-Ichi Mutual Life Insurance Co. is considering investing in Asian currency-denominated bonds in the new fiscal year starting today, a company official said. With half of the Japanese insurer's 300 billion yen ($2....

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Bibliographic Details
Published inThe Wall Street journal Asia
Main Author By Kevin L. Dunn
Format Newspaper Article
LanguageEnglish
Published Victoria, Hong Kong Dow Jones & Company Inc 01.04.1997
Subjects
Alliances
Equity
Investments
Stock exchanges
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Summary:After sharply boosting its investment in Asian equities in the past two years, Dai-Ichi Mutual Life Insurance Co. is considering investing in Asian currency-denominated bonds in the new fiscal year starting today, a company official said. With half of the Japanese insurer's 300 billion yen ($2.4 billion) of foreign-equity investment in Asian stocks, the company may slightly decrease weightings in Asian shares and invest more in U.S. and European equities, said Hiroshi Makino, a manager at the international equity investment division. In a recent interview, Mr. Makino said Dai-Ichi Life hasn't invested in Asian-currency bonds until recently as the market was "still small" and too risky. "From a long-term view, Asian stocks were more attractive."
ISSN:0377-9920