The Korean sovereign wealth fund cut growth stocks in the technology, media and telecom sector in favour of bluechips, and is looking to Europe as the US-China spat deepens.
AustralianSuper posted a record 20.4% return for the past 12 months; Consortium including Future Fund acquires 49% stake in Telstra InfraCo Towers; AIA acquires stake in life insurance arm of the China Post Group; GPIF posts record return of 25.15%; Chikyoren hires Barings and Mitsui Real Estate Investment Advisors for property and private debt; and more.
With assets under management reaching $195.7 billion at the end of May, the Korean sovereign wealth fund is continuing to raise its game with alternative assets.
In its second annual sustainable investment report, the sovereign wealth fund says it invested $1.79bn in ESG bonds. Experts say asset owners next need to consolidate their standards.
Experts believe the Korean sovereign wealth fund's new head will need to prioritise raising sustainable investments and private asset investing, along with returns in general.
The Korean sovereign wealth fund is keen to ramp up its alternative investments but is still reserved about real estate investment opportunities.