PZU to boost corporate debt share

Eastern Europe's No 1 insurer PZU is considering corporate bonds, with a keen eye on the Polish energy sector, as a way of limiting its portfolio's reliance on treasuries and equity, PZU's head of investment said. Chief Investment Officer Ryszard Trepczynski added the state-controlled insurer wants to increase the share of corporate bonds in its 40 billion zloty ($11.82 billion) active investment portfolio to 15-20 percent from a "marginal" level now.
Over 80 percent of PZU's assets are made up of treasury bonds, more than twice the share at its Western European peers. Shares account for 8 percent.