NEW YORK (AP) — MetLife rolled out an asset management business focused on real estate and private-placement debt, hoping to draw yield-starved institutional investors to areas where it already has considerable experience.

The life insurer said its MetLife Investment Management business will cater to insurance companies, pension plans and other large investors with the promise of better long-term returns than are available elsewhere.

The launch, coming at a time when investors remain stymied by low interest rates, follows what MetLife said was an extensive study of market opportunities and research with investors, consultants and others.

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