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.
Before joining Sungard Yen was a principal at PricewaterhouseCoopersÆ Asian financial consulting practice covering the finance, banking, insurance and investment sectors. He will be responsible for operations, sales and marketing at FXI in an effort to expand the companyÆs market share, which the company estimates at 46.8% of new funds issued in China.
FXIÆs main China indices are the China A50, aimed at qualified foreign institutional investors and covering the largest A-share companies by market capitalisation, the China 25 index covering the top 25 H-share and Red chip companies, and its Hong Kong Index series, designed for qualified domestic institutional investors in China and used by ChinaÆs Social Security Fund as its Hong Kong benchmark.
The company is had a difficult time last year after it lost a case for breach of contract brought against it by SSE Infonet, the Shanghai Stock ExchangeÆs in-house market data provider.
FXI stressed that Zhu ShanÆs promotion was unrelated to the loss of the case and Mark Makepeace, chief executive of the FTSE Group and co-chairman of FXI, stressed that YenÆs appointment would help to expand the business and enhance FXIÆs market leading position in China.
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.