European institutional investors are seeing growing appeal in Asian real estate, while Asian investors continue to be enamoured by overseas purchases.
Large public institutions may prefer direct investment over pooled funds when it comes to private markets, but they note that club deals are often more feasible than going solo.
The dominance of China and Japan continues in this year's survey, which includes data on pension funds, central banks, local asset managers and the various sovereign funds across the region.
Sovereign investors in Asia in particular should be more focused on increasing their risk conviction than on building in-house capabilities, according to Towers Watson research.
Sovereign investors’ allocations to alternatives and emerging markets continue to grow, while they see recruitment as less of an issue this year, finds Invesco’s latest sovereign asset management study.
Sovereign institutions are accumulating assets at a blistering pace and need to find a home for this surplus capital; hence even central banks are mulling higher-yielding asset classes.