The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
In this newly created role, Johnson will focus on bringing Axa IM products to institutional clients and distributors in Asia. He will report to Richard Clerk, director of structured solutions and alternative investments, who is based in Hong Kong.
Johnson will work closely with Axa IM's various fixed-income franchises and Axa Investment Solutions to ensure that clients in the region are offered specialised and innovative product solutions.
According to a spokesman for the company, Johnson has an excellent understanding of the Asian market, having joined Axa IM from Deutsche Bank in Singapore, where he was director of institutional and corporate credit for South Asia. He began his career at Westpac Bank in Perth, Australia.
Axa IM is one of the largest European asset managers, with assets of Ç447.5 billion under management.
Mega players Nippon Life and Dai-ichi Life are looking for opportunities in higher-yield single-A US corporate bonds, which offer more appealing yields than stagnant domestic offerings.
The “lower for longer” monetary policy and stimulus packages, coupled with the rolling out of vaccine programmes favorably support real estate investing in the region, with offices and data centres presenting forward-looking opportunities.
As US fixed income default rates rose and yields fell during the pandemic, are Asian bonds, which have had more stable yields through 2020, looking more attractive?
Insto roundup: Norway's Oil Fund praises China governance efforts; NPS commits $100m to taxi-hailing app
Norway's Oil Fund welcome Chinese proposals improving transparency and shareholder protection; HK's MPF assets surge 35% year on year; Korea's NPS commits $100m to TPG consortium to invest in taxi-hailing app; Poba commits W270bn to European property; Malaysia's EPF sees investment income rise 59% year-on-year in first quarter, and more.