Asian asset owners snapping up global real estate

Asian pensions and sovereign wealth funds’ allocations to real assets increased sharply last year, with a strong push into property forecast for this year, notes Principal Global Investors. According to the US asset manager's annual global survey of 700 institutional investors with a combined $27 trillion in AUM, 43% of global pensions are invested in real assets now, from 5% a decade ago, and this is forecast to surge to 55% by the end of this year. Although the survey did not …