The ease of direct investments into property firms and the availability of niche sectors in the US have drawn asset owners such as Australia’s Aware Super and Korea’s Poba.
For Australia’s second-largest super fund, it’s a case of get green or get out, but engagement and collaboration is still the preferred solution.
The Australian superannuation fund is looking to add to the team across all asset classes and increase its internally managed portfolio from 20% to as much as 50% within five years.
Insto roundup: Dai-ichi Life buys $119m climate bond; Singapore's PropertyGuru to merge with Richard Li-backed Spac
Hesta reports record 23% return for sustainable growth option; Aware Super reaches $110 billion in AUM; People's Bank of China to continue supporting ESG bonds; US-based Generate raises $2 billion from international pension funds; Korea's CWMAA looking to hire for foreign infra mandate; Temasek enters $103m JV with nanotech firm; and more.
AustralianSuper, Aware Super and Cbus continue to be optimistic about equity returns after posting their best performance in decades, even as half of Australia goes under lockdown.
Property is hot in Australia and the country's second-largest super fund has 75% of its real estate portfolio tied up locally. Is now the right time to enter Asia?