[ASK 2018 SUMMIT] Korea Post seeks alternative long-term assets
May 31, 2018 (Gmt+09:00)
Korea Post’s insurance unit is looking for new alternative long-duration assets to meet demand for long-term stable yields, because the recent rush into long-dated fixed incomes by institutional investors pulled their yields too lower, said its chief executive.
Fixed-income products make up 60% of Korea Post’s total assets of 124 trillion won ($115 billion): 70 trillion won from savings accounts and 54 trillion won from insurance policies.
It aims to boost the share of alternatives to 10% by 2020 from the current 6%.