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.
The correction in Indian bourses started quite late compared to others in Asia. However, the very brisk and sharp fall has knocked valuations down several levels.
January saw the highest ever monthly outflow of foreign institutional investor money ù more than $3 billion ù from Indian stocks since foreign institutions started investing in the country. Domestic funds, however, supported the markets ù pumping more than Rs77 billion ($8.5 billion) into stocks last month.
The US seems to be headed towards a recession, with its economy almost stalling in fourth quarter 2007 when it registered a dismal growth of 0.6%. The Fed is proactively trying to bail out the troubled US economy, but many feel it may already be too late for that. In India too, growth seems to be moderating a bit lately, with industrial growth slowing to single-digit figures from robust double-digit growth rates a few months back.
According to advance estimates released by the government, gross domestic product growth is also expected to slow to 8.7% for fiscal 2007-2008.
Average January performance of fund groups registered for sale in India, by asset types:
Equity India -16.50%
Mixed Asset Other Flexible -11.84%
Equity Global -10.58%
Mixed Asset Other Aggressive -8.75%
Mixed Asset INR Balanced -5.63%
Mixed Asset Other Conservative -2.22%
Bond INR General +0.81%
Money Market INR +0.63%
Bond INR Government +0.81%
Bond USD +0.94%
Record low borrowing costs in Australia are feeding demand for the country's real estate, with domestic and global investors raising their allocations into the sector.
Experts have a diversified view on the appeal of private assets across the region, but one thing's for certain - inflows are rising, particularly into China and the US.
Malaysia's Armed Forces Fund hires new CEO; Canada's Omers appoints Asia capital markets managing director; HSBC Asset Management creates alternatives unit, appoints CIO as its head; Bank of Singapore names global wealth head; Aware Super hires IFA head; Hong Kong names acting head for MPFA; Schroders adding to Asia ESG headcount; and more.
Asian fixed income assets – including Hong Kong dollar (HKD) bonds – are luring growing numbers of global investors who are striving for reliable and consistent returns amid macro uncertainty compounded by rising inflation and rates, according to HSBC Asset Management.