QBE Insurance joins net-zero alliance; CIC buys remaining 50% of Sydney's Grosvenor Place; Korea Post seeks custody and admin providers; GIC inks European logistics JV; Temasek sets up food investment platform; CPPIB buys $100m stake in Hutchison China MediTech, does India bilateral financing deal; and more.
Future Fund chief sees too much uncertainty to take risk; Chinese insurer asset allocations very stable; Indonesia SWF in doubt; Japan's four major insurers strengthen ESG commitments; Korea Post seeks managers for $200m infra mandate; GIC to invest $412m into Philippine energy company; Temasek offers $600m to rescue shipping firm and more.
After earlier signs of weakening Asia's ESG fund flows leapt up in the third quarter. Japan, Taiwan and South Korea registered particularly strong demand, according to Morningstar.
Alternative asset data provide Preqin predicts alternative assets will rise 60% by 2025, propelled in part by rising demand from regional investors in this region.
HKMA partners IFC to help banks combat climate change; GPIF earns 3.05% in third quarter; AIA's dirty secret; Korea's NPS to better manage FX exposures; Net-Zero Asset Owner Alliance calls for end to coal investing; Alliance Temasek Foundation invests in Covid-19 vaccine efforts; PSPF investment income falls 87.56% and more.
The region's institutional investors have greatly slowed the speed with which they are putting money into ESG-friendly funds, in a sign of caution amid the Covid-19 pandemic.