Tokio Marine Nichido plans to increase U.S. bond holdings

April 16, 2015 7:07 AM

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TOKYO, April 16 (Reuters) - Tokio Marine & Nichido Fire Insurance plans to raise its holdings of currency-hedged U.S. bonds in the year to March as bond yields in Japan and Europe are expected to stay low, a senior investment planning official said on Thursday.

The institutional investor with total assets of 8.9 trillion yen ($75 billion) is also looking to start buying shares in emerging markets to boost returns, said Yoshiaki Nakahara, head of portfolio investment group at the firm.

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