Stewardship and other sustainability principles have become key criteria in manager selection now, the chief investment officers at NTUC Income and Singlife said.
Insurers
Malaysia’s KWAP aims to increase its overseas investments; Singapore’s GIC will take a majority stake in luxury beach resort group; Korea's KIC posted double-digit returns for the first half of 2022.
On top of having to deal with standard changes, insurers in the Asia Pacific have also had to manage a new paradigm shift in asset classes.
Korean Teachers’ Credit Union has signed a second real estate partnership agreement with a Californian counterpart; Singapore’s sovereign wealth fund backs third fund in series focused on Australian logistics assets; the investment firm that manages part of Alibaba co-founder's fortune is retreating from US stocks as it increasingly focuses on private markets.
In 2012, we heard the now-familiar tune of asset owners moving towards alternatives in what was then a low-yield environment.
Five Australian superannuation products failed to meet the performance benchmark this year, including four that failed for the second time; Singapore's GIC has led Indian space-tech startup series B funding round; Korea's NPS gets new CEO for three-year term.
The new chief investment officer Don Guo, who joins from Catalina Holdings, will be based in Singapore instead of Hong Kong, which is its other group head office besides London.
Demand for private credit set to rise as PE valuations slump; Sun Life eases out of China, Hong Kong equity exposure as geopolitical risks mount; University endowments look to alternatives for higher returns; The war on 'woke': will the anti-ESG wave in the US reach Asia?; Japan strengthens ESG efforts with new code of conduct
Inflation will continue to place pressure on assets, and the insurer will remain defensive On interest rates and equities, said CIO Mark Shi.
Abu Dhabi and Qatar sovereign wealth funds eye Indian education technology firm; Korea's NPS commits capital to Blackstone Credit’s sustainable credit platform; Allianz in talks with Chinese banks to set up a majority-owned asset management venture; and more.
China’s largest insurer remains bullish on the long-term prospects for property and real assets in China despite the latest shockwaves in the sector
In August 2018, Ping An Insurance stated it would lower its share of stocks in its portfolio as it aimed to adhere to IFRS 9. Its interim report released August 24 shows that the insurer has delivered on that promise.
