SWFs embrace Asian equities, listed infrastructure

Global sovereign wealth funds are outsourcing more to managers of Asian equities and listed infrastructure, making these the rare asset classes to enjoy net inflows from these state-linked investors. Asset managers have suffered eight straight quarters of net outflows totaling $87 billion from sovereign wealth funds (SWFs) since the third quarter of 2014, according to eVestment, a data provider based in New York. The first half of 2016 was particularly brutal, accounting for $26 b…