Korea’s Poba targets Reits as illiquidity premium fades
Poba had no Reit investments last year but has invested close to $80 million so far this year. The Asian Investment Summit also heard how governance issues are rising up the agenda.
Rising alternative asset prices is spurring demand for more liquid proxy investments such as real estate investment trusts (Reits).
It is one of several themes discussed at last week's 13th Asian Investment Summit hosted by AsianInvestor, which also highlighted how corporate governance is creeping up the region's pension fund agenda.
Among the new-found Reit devotees is Korea's Public Officials Benefit Assocation (Poba), one of Asia's keenest exponents of alternatives investing,…
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