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 two funds will be managed by a five-person team of portfolio managers at ING Clarion Real Estate Securities, which has around $20 billion in assets under management. ING Clarion is the real estate securities management arm of ING Real Estate.
ING Clarion has offices and securities analysts in Philadelphia, London, Tokyo, and Hong Kong and has been exclusively managing portfolios of real estate securities on behalf of institutional and individual investors since 1984.
"Real estate investment trusts (Reits) have unique characteristics that may make them attractive to both income-seeking investors as well as those looking for growth," says ING Funds head Shaun Mathews.
The ING Asia-Pacific Real Estate Fund is the latest fund available outside Asia, reflecting the strong demand for property related investments in this region among global investors.
Last month, the California Public EmployeesÆ Retirement System (Calpers), the biggest pension fund in the US, set aside $1 billion for investments in Asian real estate, raising its allocation to the regionÆs property sector by 50% to $3 billion.
HSH Real Estate, a unit of HSH Nordbank of Germany, and Singapore-based real estate investment and fund management firm Pacific Star Group jointly set up a fund that will invest in prime properties in Asia. HSH and Pacific Star are targeting to raise E500 million ($703 million) for the fund, which is expected to be raised from German institutions and private investors.
Sunsuper and QSuper appoints CIO for combined entity; State Street appoints heads of HK and Taiwan; Nothern Trust rebuilds Apac team; Manulife IM names emerging markets fixed income CIO; RBC Wealth Management hires four into HK; Lombard Odier hires two senior equity managers; Allianz Global Investors appoints Asia hand as equity CIO; and more.
Investors from China and the US are expected to continue buying assets in each other’s markets despite the blacklist of Chinese firms with military and surveillance ties.
Stronger government actions are needed to meet the Paris Agreement goal of limiting global temperature rise to 1.5 degrees, investors such as Hesta and CDPQ signed in a statement.
AsianInvestor explains why we chose the winners of the second half of our 2021 fund manager winners, by major local markets.