Asset owners across Asia Pacific weathered some difficult market conditions in 2020. While most emerged from the year successfully, some notable exceptions suffered asset drops.
Insto roundup: Dai-ichi Life buys $119m climate bond; Singapore's PropertyGuru to merge with Richard Li-backed Spac
Hesta reports record 23% return for sustainable growth option; Aware Super reaches $110 billion in AUM; People's Bank of China to continue supporting ESG bonds; US-based Generate raises $2 billion from international pension funds; Korea's CWMAA looking to hire for foreign infra mandate; Temasek enters $103m JV with nanotech firm; and more.
The most common strategy was ESG integration, with $24.6 trillion of AUM deployed, although negative screening and shareholder action were also popular.
Insto roundup: Dai-ichi Life invests in BlackRock green infra fund; Korea's GEPS awards mandates for overseas infra
The Australian's Asic launches ESG fund review for greenwashing; Cbus hires from Apra; Hesta hires from AMP Life; Dai-ichi Life Insurance invests $50 million in climate infra fund; Korea's GEPS awards $105 million overseas infra mandates; Teachers' Pension calls for bids; QIA increases Credit Suisse stake; and more.
ESG has increasingly been ingrained into asset owners' investment policies, including the external fund managers they hire, according to institutional investor executives.
The world’s largest pension fund greatly benefitted from its nearly 50% asset allocation to equities after the global stock rally since April last year.
AustralianSuper posted a record 20.4% return for the past 12 months; Consortium including Future Fund acquires 49% stake in Telstra InfraCo Towers; AIA acquires stake in life insurance arm of the China Post Group; GPIF posts record return of 25.15%; Chikyoren hires Barings and Mitsui Real Estate Investment Advisors for property and private debt; and more.
Transaction volumes from offshore investors are expected to surpass 1 trillion yen again in the coming year, accounting for some 30% of total volume.
NZ Super appoints head of asset allocation; Sun Life adds new Asia CFO; Value Partners names deputy CIO for fixed income; Ex-CPPIB chair joins Singapore venture capital firm; Hines names global head of ESG; HSBC Private Banking names head of Asia coverage for Emea; GAM appoints associate director in Singapore; M&G Real Estate adds to Asia acquisitions team; and more.
What can asset managers and other stakeholders in the country do to further drive sustainable investing, particularly among smaller asset owners, in the country?
Mega players Nippon Life and Dai-ichi Life are looking for opportunities in higher-yield single-A US corporate bonds, which offer more appealing yields than stagnant domestic offerings.
Regional asset owners are still wary of volatile cryptocurrencies, but they say central bank-backed digital currencies could become investment friendly over the next five to 10 years.
AsianInvestor reveals the reasons why we picked the first half of this year's most impressive local fund managers, across the region's leading investment markets.
The investment industry lacks coherent sustainability standards, which makes applying them harder, said officials at asset owners and fund houses from Japan, Malaysia and Korea.
GIC to open new Sydney office; Japan's life insurers to ramp up allocations to foreign bonds; Samsung Life acquires stake in Savills IM; Indonesia's new sovereign wealth fund to invest in infrastructure; CPP Investments forms JV for mall in Kolkata; Goldman Sachs Asset Management to set up Chinese wealth management firm with ICBC; and more.
Being at the vanguard of Japan's ESG push isn't easy, especially if you've set ambitious targets that will double climate-friendly investment by 2023.
Japan, Korea and China are leading the charge into overseas assets which are set to grow from $5.9 trillion to $9.3 trillion between 2020 and 2025.
Rest Super mulls selling 50% stake in gas pipeline company; Australian super returns could drop amid high public market prices; several Dutch pensions cutting stakes in Chinese companies to protest Uyghur oppression; Japan's Nippon Life invests $230m in reinsurer; NPS and Korea Post plough $400m into KKR North America fund and more.
Rest Super hires two investment heads; Equip and Catholic Super JV hires acting CIO; AMP Australia reveals seven leaders including new CIO; State Street names head of Apac asset managers unit; BlackRock gets go-ahead for China wealth unit; Fidelity adds Asia director for sustainable investing; Allianz Real Estate appoints Japan acquisitions head; and more.
Insto roundup: NPS to hire 54 asset managers; CPPIB plans to raise stake in India infrastructure fund
NPS launches programme for 54 asset management positions; CPPIB to acquire an additional stake in an Indian infrastructure investment trust for $136m; Cadillac Fairview injects $400m into Apac-focused fund; Chikyoren hires Nomura, Tokio Marine for alternative mandates; GIC extends JV with UK student accommodation group and more.