Insto roundup: Korea Post plans $200m infra mandate; Indonesia SWF in doubt
Future Fund chief sees too much uncertainty to take risk; Chinese insurer asset allocations very stable; Indonesia SWF in doubt; Japan's four major insurers strengthen ESG commitments; Korea Post seeks managers for $200m infra mandate; GIC to invest $412m into Philippine energy company; Temasek offers $600m to rescue shipping firm and more.
AUSTRALIA
Future Fund chief executive Raphael Arndt said “from the investment point of view, things are definitely not going back to normal”, with returns likely to be far lower for the next decade while risks rise.
The sovereign wealth fund head noted that asset prices, fuelled by falling interest rates, have become expensive for investors, even as the level of earnings and margins have changed dramatically during the last 12 months.
“It’s not about market timing, it’s about…
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