The Hong Kong-based asset management arm of the People's Insurance Company of China (PICC) is positive about selected local stocks in telecom, traditional energy, banking, consumer, and internet sectors.
Equities
Concerns remain on whether interest rate hikes by the Fed will be able to slow economic activity and tame inflation — or push the US economy into recession, triggering major uncertainties for Asian capital markets.
India’s Life Insurance Corp initial offering was oversubscribed 2.95 times, with participation from Norges Bank Investment Management, GIC, ADIA, and domestic funds; the Saudi Public Investment Fund will allow investments in Israeli companies for the first time with a $2 billion commitment in private-equity firm Affinity Partners; Hong Kong's Exchange Fund posts $7 billion quarterly loss; and more
From allocating capital to ESG portfolios to supporting businesses in transition, institutional investors have the power to move the needle in the global quest for a decarbonised economy.
Market volatility is likely to remain high as investors try to figure out the duration and severity of lockdowns. Stocks with attractive valuations may start to outperform in the second half of 2022.
Auditor resignations plus delayed financial results are bad news for Hong Kong-listed developers.
The new report by IFSWF and State Street also found strong capital outflows from emerging markets and currencies close to Russia and Ukraine.
Pension funds and life insurers are still cautious about US-listed Chinese firms and some of them are switching to onshore A-shares.
Alternative data can be a source of outperformance for quantitatively orientated institutional investors looking to generate alpha and mitigate risk as investment strategies on traditional data sets becomes oversaturated.
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Singapore sovereign wealth fund GIC takes up 49.9% stake in Wee Hur’s student housing portfolio in Australia; China's Sunshine Insurance reportedly looking to list on HKEX in potentially the largest IPO of the year; New China Insurance issues a warning that its first-quarter profit might decline 70%; and Temasek sends stern warning on corporate governance to portfolio companies; and more
Fund managers are keeping an eye on how the Chinese government will rule on easing monetary policy, ending Covid lockdowns, and its relationship with Russia, while at the same time “bottom-fishing” for good deals in the world’s second-largest economy.
