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 a note to contacts in the industry, So says, ôThis has been a fascinating journey for me. Not only I have the pleasure to live and travel around the country, professionally, I am also very fortunate to have the chance to experience first-hand some of the most profound financial reforms in China and witness the exciting structural transformation of the mainland capital markets. I do firmly believe that the financial markets in China are about to enter a positive cycle of accelerated development and its impact will be felt deeply by us in Hong Kong and Asia.ö
So had joined the newly established JV to set up its investment management team. With her departure, the firmÆs CEO, Chen Ru, will oversee investments until a permanent replacement is found.
The BoCI-IM role saw her return to fund management after a two-year stint as a director at Hong KongÆs Securities and Futures Commission, working under executive director Alexa Lam. Prior to that, she had served as Asia CIO for Schroder Investment Management.
Her time at the SFC was regarded as an experiment, by bringing in a market practitioner to oversee the development of the asset management industry. She played a role in drafting a regulatory framework allowing retail hedge funds and real-estate investment trusts. She had been tipped by some observers as a possible SFC liaison to the China Securities Regulatory Commission, but she had preferred to return to the private sector and the opportunity to work in ChinaÆs emerging funds industry.
But her family remains in Hong Kong and she is now returning for personal reasons. When asked, she declined to comment on future plans in the industry.
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.