AsianInvestor reveals the other institutional category winners, and how Ping An Insurance, New Zealand Super and Canada's OTPP shone over their peers.
Investors in Asia Pacific will likely see the low interest rate environment as an opportunity to add risk assets in the hope that the economic recovery is on the immediate horizon, but the case for owning gold in portfolios remains strong, according to Jaspar Crawley, Head of Distribution, APAC, at The World Gold Council.
Western asset owners are steadily adding real estate investment capabilities in Asia, while local players have refocused attention onto their home region.
New European Union regulations being introduced in March will raise the bar for ESG reporting and could well hurt the appeal of energy- and carbon-intensive stocks.
Sun Super appoints new CIO while Future Super loses co-CEO; China overtakes US as top destination for foreign direct investment; Canada's CDPQ makes first transportation investment in India; Japan's GPIF seeks more ESG information to refine investments; NPS and Allianz buy Singaporean building; Saudi's PIF sets out five-year plan; SGX and Temasek form digital assets JV and more.
JP Morgan AM hires Asia head of investment stewardship; Hines appoints Asia CIO; JLL names new India CEO; William Blair IM hires Asia sales head; Colliers appoints new Australia chief; Fidelity moves into private credit; Broadridge adds Apac COO; Nomura adds 20 private bankers in Hong Kong and Singapore and more.
The $80 billion fund is targeting US and European infrastructure and property with a focus on debt holdings and mid-cap managers, in line with its increasingly global investment strategy.
Global investors favour Asia property; GPIF opposes FTSE Russell’s China inclusion; AIIB in renewables push; China's NSSF gets more SOE shares to address pension shortfall; Indonesia seeks $20bn for SWF; APG in Indian office development platform first close; GIC invests in smart glass, software and payment processing; more Aussie supers merge; and more.
Reserve managers in Asia and elsewhere aim to relax their investment guidelines amid the pandemic fallout, with an eye on assets such as EM stocks and private equity, say experts.
Capital Group names new Japan president; Robeco replaces Singapore chief; Hillhouse Capital hires ex-Blackstone MD; Vontobel expands EM debt team; HSBC Global AM names Apac ETF sales head; Manulife creates new digital business role; Stanchart names CIO for wealth management; TMF appoints fund services exec in Shanghai; and more.
Given that a split Congress had been expected, how will the Democrats' win following runoff elections in Georgia change the way market participants invest?
Central bank digital currencies are seen as more stable than Bitcoin, but they are not likely to be traded the way cryptocurrencies or forex are.
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.
The growing appetite among asset owners to bring portfolio management in-house is understandable, but the talent pool is already tight in Asia – and getting tighter.
For the Canadian pension fund, Covid-19 has underlined the value of tie-ups with local and global institutions, and of its long-standing focus on renewable energy.
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.
The newsletter will return on January 4. We wish our readers a much-needed Christmas and New Year break after a particularly testing year.
Studies show that when comparing the long-term returns of listed and unlisted real estate vehicles based on the same underlying assets, the listed sector is an effective proxy for direct property investment. However, listed real estate (LRE) has the benefit of higher transparency, diversification, unmatched liquidity and a lower hurdle to global access compared to direct property.