Generally, however, Asian pension funds’ allocations to alternative assets demonstrated only a modest increase of 0.6% from 2019 to 2020.
The $20 billion Korean public pension fund will reduce fixed income exposure both at home and overseas to below 35% by the end of this year, and to below 31% by end-2025.
While other asset owners were making a fortune in the stock market, Poba gained 80% of its W1 trillion ($851 million) investment return in the first half from alternative assets globally.
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Asia continues to lag other regions for integrating ESG principles with investing; better data and stronger regulatory requirements will help institutional investors, market observers say.
China Life names Yuan Changqing as acting chairman; Future Super hires operations chief; China Life Franklin Asset Management CIO and deputy CEO leave; Willis Towers Watson has hired Kameswara Natakusumah as head of Indonesia; Prudential hires ex-Apac CEO for Allianz George David Sartorel as a non-executive director; Manulife IM hires into multi-asset solutions team in Asia; PineBridge Investments hires from BNY Mellon IM; and more.
Companies in major indices across developed markets will be expected to issue climate-related disclosures and have a third of their boards comprise women by 2023.
Despite Evergrande's woes, Allianz is still bullish on Chinese property and infrastructure, although it has slowed down its investment process.
After two tenures, AsianInvestor's 2021 Standout CIO Jang Dong-hun looks back on the past six years at Korea's Poba with satisfaction.
Case studies featuring global institutional investors’ best practices for setting climate action plans aim to encourage more to follow in their footsteps.
Weekly investor roundup: China Life Insurance's chair under investigation; Korea's NPS accused of being passive with climate crisis
The chair of China Life Insurance is under investigation for "serious violations of discipline and law"; Korea's National Pension Service was found to have been passive with efforts to mitigate climate change; Singapore's NTUC Income plans to spin off insurance business to new company; Temasek leads $300 million funding round alongside Qatar's SWF for Carsome Group; and more.
The city’s role as a regional financial hub is further at risk in the latest move to ban international arrivals from several G7 economies.
Asset owners can boost returns through alternative allocation, the head of alternatives at the Brunei Investment Agency says, as she takes on an expanded role.
Super funds now acknowledge without question that ESG factors are critical to investment decisions.