Asia continues to lag other regions for integrating ESG principles with investing; better data and stronger regulatory requirements will help institutional investors, market observers say.
At the same time, RREEF has announced that it will buy a 60% stake in a mixed-use property development in Hyderabad, where it will partner with NCC Urban. The project is located close to the international airport. It will take five years and will consist of commercial, residential and hotel space. This will complement its first Indian property venture, a $70 million stake in developer Golden Gate Properties.
ôClients still have a strong interest in India, but they are mindful that returns have to be risk adjusted," says RREEF Asia-Pacific CEO Kurt Roeloffs.
And what about the atrocious state of Indian infrastructure? Even if billions of dollars are poured into Indian property projects, the country is still lacking in suitable infrastructure.
ôThere are lots of gaps in infrastructure and it will take years to fill them,ö adds Roeloffs. ôYou canÆt just invest in good real estate projects without looking for the related stresses and strains in infrastructure and how that affects the urban geography. Every project has to take this into consideration.ö
Korea Teachers' Credit Union appoints new CIO; AIA Singapore hired ESG head from UOB; Ping An confirms appointment of Benjamin Deng as CIO; Australian Unity hires first head of responsible investment; AMP has new head of portfolio management for multi-assets, Robeco hires Asia fixed income head; Haitong makes three new appointments for institutional clients business; and more.
After two tenures, AsianInvestor's 2021 Standout CIO Jang Dong-hun looks back on the past six years at Korea's Poba with satisfaction.
Risks including property downturn and ongoing pandemic make for difficult investment decisions.
As a pioneer in the Australian super space, CSC continues to focus on core objectives while taking calculated risks in an uncertain macro-economic environment.