Institutional investors look to emerging markets’ fixed income assets, but the war in Ukraine has dampened sentiment in Europe, according to a new global survey.
China
China’s new regulation on insurance companies’ financial product investments could add pressure to industry in the short term, while plugging loopholes and bringing out hidden risk factors.
Horizons Ventures to open family office in Singapore; AustralianSuper expands private equity investments over the next two years; CDPQ real estate arm Ivanhoe Cambridge to invest $1 billion in green digital infrastructure project in India with Bain Capital and Lodha Group; and more.
NPS head of Americas private equity and global hedge funds team leaves after 11 years; AIA hires director of tactical asset allocation from JP Morgan Asset Management; Manulife appoints chief risk officer for Asia; Bruce Tomlinson leaves Australian Retirement Trust; Franklin Templeton makes senior appointments in Malaysia; Eastspring loses three C-suites; and more.
Major lifers in China are dealing with increasing pressure over their asset allocation strategies and returns under a volatile capital market plus a new solvency regime domestically.
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
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.
For long-term investors, confidence in China will only return when visibility improves around the regulatory crackdown and Covid Zero policies.
Auditor resignations plus delayed financial results are bad news for Hong Kong-listed developers.
Norges Bank Investment Management, GIC and the Abu Dhabi Investment Authority are among anchor investors in the initial public offering of Life Insurance Corporation (LIC) of India; Future Fund warns of heightened risks as it reports -1.5% returns for Q1 2022; Five Japanese insurers invest $367.3 million in World Bank sustainable bond; and more.
Insurers such as Manulife, Prudential, and Allianz believe the influx of a large pool of assets can drive the long-term vitality of China's capital market.
