Taiju Life to increase foreign-bond holdings by 350 bln yen in 2019/20

(Adds bonds details)

TOKYO, April 19 (Reuters) - Taiju Life Insurance plans to increase its holdings of foreign bonds without currency hedges by about 350 billion yen ($3.1 billion) in the financial year to March 2020, Yoshiki Nakamura, head of investment planning at the firm, said on Friday.

The insurer, which changed its name to Taiju from Mitsui Life this month, also plans to slightly increase investment in domestic bonds, mostly in ultra-long government bonds and subordinated debt issued by banks, he said.

Taiju's investment plans are as follows: Domestic bonds:

To increase holdings by less than 50 billion yen, mostly in ultra-long government bonds and subordinated debt issued by banks. FX-hedged foreign bonds:

To reduce overall holdings but to increase investments in credit products. May shift to dollars from euros depending on hedge costs.

Foreign bonds (without FX hedge):

Plans to increase holdings by about 350 billion yen while the amount depends on sales of the firm's foreign-currency denominated products.

Domestic stocks:

To maintain holdings flat


To increase holdings in new growth areas, such as private equity, infrastructure investments and real estates securitisation products, by about 10 billion yen. ($1 = 111.93 yen) (Reporting by Hideyuki Sano; Editing by Chris Gallagher and Gopakumar Warrier)

First Published: 2019-04-19 05:45:05
Updated 2019-04-19 06:14:17

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