ESG is no passing fad, as more investors are convinced that alpha can be found in ESG and regulators continue to introduce rules to lift ESG standards.
He moves from Deutsche Bank where he covered Hong Kong and Chinese investment companies plus Hong Kong property developers. Previously he covered real-estate companies at Morgan Stanley. In this new role, he will be evaluating the listed equities of Asia PacificÆs real-estate companies.
Wong will report to Steve Burton, managing director of ING Clarion Real Estate Securities, who is based in Philadelphia.
ING Clarion is the real-estate equity management arm of ING real estate, which has total assets under management of $102 billion. The listed real-estate equities portfolio of ING Clarion accounts for a 15% portion of this aggregate sum.
ING Real Estate operates with a far broader scope of property investment activities. In late December an announcement was made that it had raised $350 million in its China Opportunity Fund, which will be aimed at the other end of the property investment spectrum far from the world of listed equities on which ING Clarion focuses. This fund will be invested in opportunistic and property development /building projects, especially midrange local housing developments in first and second-tier Chinese cities.
In its second annual sustainable investment report, the sovereign wealth fund says it invested $1.79bn in ESG bonds. Experts say asset owners next need to consolidate their standards.
Senior executives at the Taiwan financial group and Canadian pension fund believe that companies have to make an ESG transition, and may not have a choice in a few years.
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.