China's CIC helps launch €400m fund for European firms in China, but loses another senior executive; Japan's four top insurers face equity impairments and lower yields; Life Insurance Corp of India to cut investment target; CDPQ benefits from China equities but flags concerns; Abu Dhabi's oil company close to selling gas pipelines to investor consortium and more.
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?
The unprecedented drop of US crude prices to negative levels on April 20 has raised questions on how best to respond. Five experts offer their views.
Australia's Hostplus cuts property investments amid asset drawdown; South Korea's re-elected government to shift KIC to Jeonju; China's central bank takes stake in Indian lender HDFC; Temasek refutes speculation over CEO salary; Taiwan's regulator de-emphasises ETFs in five-year plan; sovereign wealth funds lose money on bank stakes; Gulf SWFs on buying spree, and more.
Australia's Hesta appoints head of strategic tilting; China's pension payment exemptions store bigger problems for future; foreign life insurers to be allowed to acquire local China rivals; Prudential Financial sells Korean unit to KB Financial; GIC consortium in terms to buy Abu Dhabi gas pipelines for up to $15bn, Temasek sells company stakes for funds and more.