Asia continues to lag other regions for integrating ESG principles with investing; better data and stronger regulatory requirements will help institutional investors, market observers say.
While at Calpers she had implemented a new investment strategy into Asia and managed a portfolio of seven international commingled and separate account funds.
Hers is a new role at Franklin Templeton, designed to help the firm boost its investments into Asia-based real-estate managers. The firm manages $2.5 billion of real-estate investments as funds of funds. She could not say whether the firm is preparing to introduce new products or if it is enhancing the existing offering.
JungÆs role will be to identify third-party real-estate managers in Asia, conduct due diligence, run her team and keep an ear to the ground for new opportunities. New allocations to Asia-Pacific deals have increased from 20-25% of the portfolio to over 30% today.
She does note that certain Asian investments can provide different risk/return profiles than most real-estate portfolios. Unlike the United States, the markets of India, China and Southeast Asia are immature and can generate greater returns, but at greater risk. The firm wants to increase its business in global real estate as it provides diversification and steady income for clients.
Franklin Templeton Real Estate Advisors manages strategies in private and public real-estate markets, for institutional and retail clients. It is an arm of Franklin Templeton Institutional.
The firm has also just promoted four of its senior executives to managing directorships. Jack Foster, Raymond Jacobs, Glenn Uren and Marc Weidner now comprise its management committee, and Jung reports to all of them.
Korea Teachers' Credit Union appoints new CIO; AIA Singapore hired ESG head from UOB; Ping An confirms appointment of Benjamin Deng as CIO; Australian Unity hires first head of responsible investment; AMP has new head of portfolio management for multi-assets, Robeco hires Asia fixed income head; Haitong makes three new appointments for institutional clients business; and more.
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