Mortgages and bonds: the asset management practices of Australian life insurers to 1960

Keneley, Monica 2006, Mortgages and bonds: the asset management practices of Australian life insurers to 1960, Accounting business & financial history, vol. 16, no. 1, pp. 99-119.

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Title Mortgages and bonds: the asset management practices of Australian life insurers to 1960
Author(s) Keneley, Monica
Journal name Accounting business & financial history
Volume number 16
Issue number 1
Start page 99
End page 119
Publisher Routledge
Place of publication Abingdon, England
Publication date 2006-03
ISSN 0958-5206
1466-4275
Keyword(s) life insurance
Australia
diversification
interwar period
asset portfolio management
Summary Recent studies of the experience of the British life insurance industry indicate that a period of transition, and the development of more diversified investment strategies, began in the interwar period. Australian life insurers lagged behind their British counterparts in the introduction of such strategies. This paper investigates why this was the case. It argues that in the Australian market there was both a lack of opportunity and incentive to broaden asset portfolios. However, this did not mean that asset management practices did not advance. Australian life offices became progressively more sophisticated in their approach to portfolio management during this period. Developments in the interwar period provided a grounding for post-war expansion into the equity market.
Language eng
Field of Research 140203 Economic History
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2006, Taylor and Francis
Persistent URL http://hdl.handle.net/10536/DRO/DU:30003485

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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