The Philippine insurer has also raised its cash holdings amid fears of a lingering impact from Covid on the local economy and stock market, says chief investment officer Arleen Guevara.
Wealthy families are setting up secondary offices in Singapore to diversify their exposure to risks, particularly in Hong Kong, and to avoid areas being badly affected by the pandemic.
US asset owners seeking diversification and returns in a low-yield environment will find it hard to disregard Chinese deals such as the mega Chinese IPO, despite political tensions.
Regional life insurers could benefit from investing in derivatives and alternative assets, but they will also need to enhance governance and credit oversight.
Low interest rates and rampant liquidity are offering companies more financing sources – and limiting the ability of ESG-conscious investors to influence them via divestment.
A Calpers investment director and the former CIO of GPIF said policymakers should mandate disclosures and establish carbon emission targets, to embed climate change in investing.