Key facts
- Daiichi Life Insurance is diversifying its investment portfolio by adding gold.
- The insurer aims to hedge against rising inflation and market risks.
- Gold will represent 1% of Daiichi Life's assets under management.
Daiichi Life Insurance has started investing in gold as part of a strategy to diversify its holdings and mitigate risks associated with inflation and market volatility. The Japanese insurer plans to allocate 1% of its total assets under management, which stood at $219.3 billion as of June, to the precious metal. This move comes as Daiichi Life seeks to hedge against broader market uncertainties beyond its traditional investments in stocks and bonds.