Insto roundup: State funds’ M&A splurge; Kyobo Life eyes offshore assets

Australian super funds get called out for investing in and voting with shareholder proposals by fossil fuel companies; US senator calls for firing of Calpers CIO over his China ties; China's finance ministry to shift 10% of its holding in China Life's parent to NSSF; Life Insurance Corp of India's equity investing slides; Korea's NPS boasts 11% annual return in 2019 and more.

The latest multifamily housing investment with California pension fund brings desired diversification to the Korean asset owner’s real estate portfolio, its CIO says.

The country's companies are trying to shift their employees from defined benefit to defined contribution pension schemes to avoid spiralling pension payment costs.

Work on the planned China-Hong Kong trading link for exchange-traded funds is continuing, albeit in the shadow of the coronavirus outbreak, global trade spats and cross-border tension.