The unwinding of 'financial repression' is seen to be having a big impact on the portfolio risk. Private market investments in particular are presenting fresh challenges.
Some big institutions find index-based investment harder than they expect and should push asset managers to cut fees instead of trying do it themselves, says a State Street executive.
But investors in Europe and the US have stricter criteria than their Chinese counterparts as to what constitutes a green bond.
With the state fund's growth portfolio driving returns, CEO Adrian Orr says NZ Super will retain its focus on such assets, as it makes more investments in private equity and factor strategies.
Peter Costello says more restrictions on global trade would be bad for all investors and argues that the Australian sovereign wealth fund's return target should be revised down.
Moves by BlackRock and EIP to close 14 Hong Kong-listed exchange-traded funds reflect rising competition and costs. Meanwhile, EIP's CEO feels listing and delisting takes too long.