US-based TIAA’s investment arm is ramping up its Asia presence after posting a record regional inflow of assets this year, its global CEO and Asia head tell AsianInvestor.
How should investors respond as the US Federal Reserve and other central banks rush to stabilise markets convulsed by the coronavirus outbreak?
Overseas investors are flocking to Japanese housing. As the latest deal shows, there is increasing competition within one of the most sought-after real estate markets in Asia-Pacific.
Despite recent record inflows into US municipal bonds, a lack of familiarity and heavy due diligence efforts have held back Asian investors’ interests in the asset class.
The two US firms are to launch open-ended core real estate products to tap rising demand among global investors for Asian property. BlackRock may also consider such a move.
The US firm, recently rebranded from TIAA Global Asset Management, is expanding its sales team and is expected to target Asia’s wholesale market over time.