The City of Zurich Pension Fund announced a rebalancing of its portfolio strategy, part of which will see the investor as much as double its allocation to the insurance-linked securities (ILS) asset class.
The City of Zurich Pension Fund manages roughly 21 billion Swiss francs in assets, which equates to more than US $22.5 billion.
Currently, as of the end of September 2021, the pensions allocation to insurance-linked securities (ILS) sits at around 1.5% of its assets, so could be roughly CHF 315 million, or US $340 million.
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