Solvency II has and will make corporate bonds more expensive

<?xml version="1.0" encoding="UTF-8" standalone="no"?>
<rdf:RDF xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<rdf:Description>
<dc:creator>L'Hoir, Mathieu</dc:creator>
<dc:creator>Sauve, Mathilde</dc:creator>
<dc:creator>AXA Investment Managers</dc:creator>
<dc:date>2012</dc:date>
<dc:description xml:lang="es">Sumario: According to our forecast, very large asset flows of about  500 bn come as a direct result of insurers shifting asset allocations in light of upcoming Solvency II regulations. This rebalancing process began at the end of 2009 and is likely to continue to unfold over the course of the next five years. The expected reallocation consequences of Solvency II are well known, encouraging insurers to reduce equity exposure and give preference to the less volatile short-term fixed income assets. As the study shows, this reallocation has already had an impact  for instance, it may explain up to 25% of the current gap in equity prices with respect to pre-crisis price levels (Exhibit 2)  and will continue to impact European equity and fixed income markets in the  coming years</dc:description>
<dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/140971.do</dc:identifier>
<dc:language>fre</dc:language>
<dc:publisher>AXA Investment Managers</dc:publisher>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">Solvencia II</dc:subject>
<dc:subject xml:lang="es">Inversiones</dc:subject>
<dc:subject xml:lang="es">Mercado de valores</dc:subject>
<dc:subject xml:lang="es">Activos financieros</dc:subject>
<dc:subject xml:lang="es">Cotizaciones bursátiles</dc:subject>
<dc:subject xml:lang="es">Perspectivas económicas</dc:subject>
<dc:type xml:lang="es">Libros</dc:type>
<dc:title xml:lang="es">Solvency II has and will make corporate bonds more expensive</dc:title>
<dc:relation xml:lang="es">Investment Essentials</dc:relation>
</rdf:Description>
</rdf:RDF>