Generali to acquire 51% of China insurance unit; Taiwan's third-largest insurer expects industry rebound; GIC get competition watchdog approval for raising stake in India's DIT; Korea's NPS posts local equities portfolio gains in Q4; and more.
Global sovereign wealth funds cut back on investments in 2023, but there was a shift in sentiment towards emerging markets as highlighted by Global SWF in its annual report, issued on new year's day.
Singapore's sovereign wealth fund makes first agritech and B2B investment in India; AustralianSuper takes step to triple private credit allocation with new partnership; US clampdown on investments in China may be undermined by US institutional investors; and more.
Consistent flows from GIC sees allocations by Singapore institutional investors overtake the US in the first nine months of 2023.
Singapore's sovereign wealth fund adds to logistics portfolio; PIF is anchor investor in Saudi Arabia ETF on HKEX; Temasek, MAS, IFC team up for green investments; Prudential's asset management arm in Korea up for sale; and more.
China considers new fund for shoring up equity markets; Top US pension fund invests in Asia-focused private equity funds in first half; Singapore investigates family offices' role in money laundering case; INA bolsters Indonesia's healthcare capabilities; and more.
Singapore's MAS lists domestic systemically important insurers; Qantas Super explores merger options; CIC chairman sees need for greater sustainability certainty; KWAP to invest in Malaysia's startup ecosystem; and more.
Singapore sovereign wealth fund GIC is doubling down on investing in certain sectors in China although it is becoming harder to have a top-down approach, Chief Executive Officer Lim Chow Kiat said at an event.
The departures have caught the attention of industry observers, although with an increasing number of sovereign investors using Singapore as a regional hub, competition for seasoned investment professionals looks set to intensify.
Indonesian SWF inks cooperation framework agreement; GIC mulls sale of Tokyo skyscraper; NPS triple ESG investments; and more.
Singapore’s state-owned investment funds have the greatest exposure to China, with a collective allocation running into billions of dollars, despite geopolitical tensions and economic challenges.
Macau's Social Security Fund releases 2022 report; Hong Kong's MPF assets gain over 12 months; Thailand's GPF picks front-office solution; Korea's NPS posts gains in first half; and more.