Japan’s depreciating yen made the reopening of the country’s borders inevitable. While the move will allow dealmaking to be smoother, new overseas investments will be a costly affair for Japanese asset owners.
In 2018, Japan’s GPIF sought exposure to global real estate as part of a strategy to increase its alternatives portfolio - four years on, its allocation has grown nearly 500%.
The state pension fund joins ESG benchmark as the first Japanese infrastructure investor member, supplementing its existing efforts within real estate investments.
Although private market assets have proven themselves relevant for pension funds, the Korean appetite might be curbed for various reasons.
Asia Pacific real estate is on path to attract inflows for the rest of 2022, after a disappointing H1 that saw rebound gains erased amid Omicron lockdowns.
Investors, though cautious, are sitting on record amounts of dry powder and will remain on the lookout for bargains in mature markets including Japan and Singapore.
The Korean national pension fund seems prepared to weather potential storms from public markets this year through alternative allocations.
Although still marginal in the total portfolio, alternative investments are increasing rapidly for the world’s largest pension fund.
Dry powder has been slow to deploy amid lower interest rates pre-2022, the pandemic and difficulty in finding deals, industry insiders told AsianInvestor.
Pension fund investors in the region are looking at greater diversification and at more sustainable investing in response to the complexities of the global capital markets, according to a new report from Mercer.
Varsity endowments are cutting back allocations to public markets in favour of private alternatives for higher yields, a trend that is expected to stay as inflation bites and stocks and bonds lose their allure.
Across alternatives, sustainability, digitalisation and more, J.P. Morgan Asset Management (JPMAM) has developed a more targeted offering for institutional clients in Hong Kong – in turn, securing AsianInvestor’s ‘Fund House of the Year Award’ in this market for 2022.