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.
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.
Achieving a 5% return is impossible from investing in traditional assets alone, says the CIO of Korea’s Public Officials Benefit Association. But alternative risk premiums – and fees – have collapsed.
But investors in Europe and the US have stricter criteria than their Chinese counterparts as to what constitutes a green bond.
US-based $850 billion asset manager TIAA has started building an Asia-wide sales team by luring a regional institutional head and two members of his team from Invesco.