Meiji Yasuda to buy 5% of Man Group; Japan insurers shift to bonds
· Politics · Japan
Japan's Meiji Yasuda plans to acquire 5% of Man Group, the world's largest publicly traded hedge fund, in an asset-management push. Separately, Japanese life insurers are eyeing purchases of higher-yielding government bonds and shifting to longer-dated JGBs, according to market reports, as they adjust portfolios to a changing rate environment. The moves reflect Japanese financial institutions' search for yield and global asset-management reach.
Why it matters:Japanese insurers are repositioning portfolios as domestic yields rise, with implications for global asset managers.
Key points
- Meiji Yasuda plans to acquire 5% of Man Group.
- Japanese life insurers are eyeing higher-yielding JGBs.
- The shift reflects a changing rate environment.
Sources (original reporting)
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