2. Investments
Giuseppe Benelli
Chief Investment Officer
Analysts' meeting
10.04.2002
3. Investments
2001 headlines
Further acquisition of life businesses in the US, which
strongly added to Swiss Re’s investments in USD fixed
income securities
Gradual increase of equity exposure, by purchases on
market dips and by not renewing hedges
Reduction of duration of North American bond portfolio
as interest rates were expected to bottom out
Increase of USD hedge against CHF in the first half of
2001, when valuation rose again, and closed profitably
in Q4 2001
Analysts' meeting
10.04.2002
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