Australia's financial regulator questions sustainability of life insurance; Allianz opens China's first fully foreign insurance holding company; GPIF of Japan teams up with multilateral institution to focus on social bonds; yen's fall troubles Japanese insurers; Korean pension executives step down ahead of election; Malaysia's PNB revamps leadership team and more.
China's NSSF reports 15.5% return for 2019; GPIF and TCorp buy stake in Brussels Airport from Ontario Teachers; Korea's NPS shakes up alternatives division; GIC seeks to sell Spanish logistics park; Temasek seeks joint-bid for elevator unit of troubled company and more.
Climate change and online hacking could substantially affect the allure of US municipal bonds, despite their current appeal. Asset owners will need to be warier as they invest.
Australia's huge bushfires underline how climate change can exacerbate environmental problems. Yet many asset owners haven't grappled with this impact on their portfolios.
Private debt has been one of the alternative asset classes to gain demand from asset owners, especially insurers looking for more yield. Will this interest continue to rise in 2020?
To remain in the forefront of institutional investment, the sovereign wealth fund of New Zealand is reappraising its entire structure and drafting a new set of investment values.