Cbus and Media Super discuss tie-up; China's CIC puts most global large-cap equities into passive strategies; Singapore's GIC buys 1.5% stake in ICICI Prudential Life; Abu Dhabi's Mubadala Investment plans more Asia investing; GIC and five investors to buy Abu Dhabi gas pipeline; Canada's Manulife the top bidder for Aviva's Vietnam business, and more.
AIA to convert Shanghai branch into a 100% foreign-owned life insurer; Korea's NPS gets new CEO; Malaysia's EPF keeps allocating assets to external managers; the Indian government looks to sell a stake in LIC; AustralianSuper sees flat investment returns this year; FWD takes minority stake in Indonesian insurer, and more.
Insto roundup: Aussie supers dinged for climate voting records; Cathay Pacific gets land bank bailout
Australian super funds showing hypocrisy on climate voting?; CPIC launches London listing; airline Cathay Pacific gets bailout from HK's land bank; Khazanah deputy MD seen as potential next head of PNB; Investors to be invited to invest in South Korean distressed assets; Adia acquires stake in Reliance Industries' digital arm; and more.
While many investors across Asia are beginning to put more assets into passive funds, some remain reluctant to do so.
This preference for private credit contrasts with global institutional investors, who seek equities the most in the near term, a new piece of State Street research has found.
China's CIC helps launch €400m fund for European firms in China, but loses another senior executive; Japan's four top insurers face equity impairments and lower yields; Life Insurance Corp of India to cut investment target; CDPQ benefits from China equities but flags concerns; Abu Dhabi's oil company close to selling gas pipelines to investor consortium and more.