The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
The fund focused on China, India and the former Soviet Union and had been established in 2000 by Mark Mobius. Having reached maturity, it has recently been concentrating on finding attractive exits. The final tally for the $110 million fund is a 24.4% gross internal rate of return, and a return after performance fees of 19.8%.
The fundÆs total disbursements amounted to $246 million, equating to a multiple of 2.2 times initial capital.
Some of the fundÆs highlight investments include Aurobindo Pharmaceutical, a Mumbai-based drug maker on which the fund quadrupled its $11 million investment, and Yaolan, otherwise known as æBabycareÆ which is a mainland Chinese manufacturer of baby food.
A spokesperson from Templeton says MobiusÆ emerging-markets fund team members remain in their seats and are currently handling other Templeton assets. The group currently manages $33 billion.
There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
As Covid restrictions continue to put the bite on travel, Australia's superannuation funds are seeing mileage in spending big on communications and digital infrastructure.
Sunsuper and QSuper appoints CIO for combined entity; State Street appoints heads of HK and Taiwan; Nothern Trust rebuilds Apac team; Manulife IM names emerging markets fixed income CIO; RBC Wealth Management hires four into HK; Lombard Odier hires two senior equity managers; Allianz Global Investors appoints Asia hand as equity CIO; and more.
Investors from China and the US are expected to continue buying assets in each other’s markets despite the blacklist of Chinese firms with military and surveillance ties.