State funds boost foreign teams in race for assets

Investors in the region are looking to buy more logistics assets despite rising valuations, as the Covid-19 pandemic continues to push more people to buy goods via e-commerce.

Australia's superannuation funds earmark $20b for infrastructure projects; China Investment Corporation invests in US loans and healthcare and IT stocks; Saudi's Public Investment Fund hunts Covid-19 bargains; Sony buys out financial unit; Korea's NPS to shift five percentage points of its portfolio from debt to equity; Fubon Life invests $200 million across three private equity funds and more.

Asset plunges across the world have offered a crash-course example in the efficacy of ESG approaches to investing. Have ESG-focused funds and assets outperformed their peers?

Hong Kong’s mandatory provident fund trustees are facing a backlash for receiving high fee incomes despite offering poor returns and could see pressure to allow withdrawals.