There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
It is envisaged that the funds raised will be split and allocated to its four existing public/private equity and illiquids-focused Bering funds in Russia, the Ukraine, Balkans and Central Asia, and additionally to a Russian utilities fund.
A portion of the money is expected to be placed with a new financial institutions fund, covering Russia, the CIS, Georgia, Kazakhstan and Uzbekistan. An allocation will also go to a planned fund covering the retail and consumer market.
ôThe reason why we are increasingly looking out further east is because of the convergences that the east European countries that are west-facing have with the established central and western European markets,ö says Michael Hanson-Lawson, managing director of East CapitalÆs recently opened office in Hong Kong. ôConsequently, we find less gems for investment in those countries than the opportunities located further east.ö
The Russian market has not been strong in 2007, but has bounced back since it has become clearer over the summer that after his Presidential term expires, Vladimir Putin will continue to be a dominant force in the political scene, perhaps as prime minister, with his hand-picked choice running for the Presidency.
The Kazakhstan market has also come off the boil in 2007, a key reason for which is uncertainties in the financial institutions sector. The hefty sums raised in Eurobond liabilities by Kazak banks has raised fears that they may be over-extending themselves.
Carnegie Investment Bank AB, Citigroup Global Markets Limited and Morgan Stanley acted as joint global co-ordinators and joint bookrunners for the offering.
East Capital has $7.25 billion in assets under management as of August 31, 2007 and has offices in Stockholm, Tallinn, Moscow, Paris, Oslo, Hong Kong and Milan.
To get the clarity they want to make informed portfolio decisions, asset owners and managers must now blend and adapt multiple sources of traditional and non-traditional data to create actionable insights, said speakers at a webinar hosted by AsianInvestor and IHS Markit.
The country's largest insurer Ping An set up a $62 billion green investment target by 2025. Several more players are also joining the hunt for sustainable assets.
The boss of Thailand’s second-largest pension fund hopes that proposed changes in the law will help her diversify more into overseas markets. She is particularly bullish on China.
Investors can still find spread premiums in niche private debt, with the asset class's prognosis looking strong, said a keynote speaker at AsianInvestor’s latest summit on Wednesday.