UniSuper CIO looks to cut exposure to insurers; NSSF vice-chair says China's ESG investment lags in many areas; $2.4tr investor group challenges HSBC to cut fossil fuel assets; Korea's NPS commits $450m to North American infrastructure fund managers; Singapore's GIC that most active state investor in 2020 and more.
Institutional investors have at times increased their exposure to market risks in unnecessary manners, eroding their potential levels of investment return for no reward.
Equities investing is primed to shift with the exit of Donald Trump. Some stocks are likely to fall, while certain value shares may rise as vaccinations are rolled out over the year.
Australia's MLC Life gets capital from Nippon Life and NAB; Ping An to buy properties from Agile Group; KIC names heads of alts and private equity; NPS appoints Russell Investments for $1b real estate mandate; CDPQ co-invests in $2.7b Taiwan offshore wind farm deal; GIC makes first Vietnam healthcare investment and more.
AustralianSuper, CPPIB and UniSuper put $2.1b into US toll roads; Dai Xianglong calls for assets taken from corrupt Chinese officials to replenish pension reserves; GPIF investing $12.5b against new ESG benchmarks; GIC invests $200m into Chinese geothermal heating company; OTPP buys $275m of Korean fried chicken chain; and more.
QBE Insurance joins net-zero alliance; CIC buys remaining 50% of Sydney's Grosvenor Place; Korea Post seeks custody and admin providers; GIC inks European logistics JV; Temasek sets up food investment platform; CPPIB buys $100m stake in Hutchison China MediTech, does India bilateral financing deal; and more.