MetLife Boosts Private Placements by $9.7 Billion in Yield Hunt
- Portfolio of private securities is $55.9 billion at insurer
- Third-party asset manager contributes to increase under Inglis
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MetLife Inc., the biggest U.S. life insurer, boosted bets on private placements by investing $9.7 billion last year, an increase of 15 percent from 2014, as low interest rates depressed returns on other holdings and the company expanded a third-party asset management business.
The insurer has a portfolio of $55.9 billion in private securities, led by $40.8 billion in corporate debt and $10.7 billion in infrastructure, according to a statement Thursday.