Rationale for trimming position size in Life Insurance to 15% Rationale for trimming position size in Life Insurance to 15%
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Rationale for trimming position size in Life Insurance to 15%

We had an overweight position in Life Insurance (upto ~20% allocations in some accounts).   We find this to be a very attractive industry and found valuations strongly in favor when it was hard to find value elsewhere.  However, the industry has seen two regulatory actions in the last 24 months on tax saving products. 

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