Dai-ichi Life Holdings Inc. plans to invest ¥10 billion in a fund of funds that invests in private REITs based mainly in developed countries.

The company said Oct. 20 that it has diversified its investment area to improve its mid- to long-term investment returns and has also diversified its real estate investment portfolio to areas such as office facilities, residences and logistics. Dai-ichi Life also plans to expand its investment area to overseas real estate.

Dai-ichi Life said it opted to invest in a fund of funds to reduce financial risk if market conditions deteriorate.

As of Oct. 20, US$1 was equivalent to ¥113.44.