The Dutch pension manager expanded its partnership in the Chinese market in 2019. The latest available data shows the portfolio is growing and doing well.
High hedging costs and a low yen have led Japanese life insurers to focus on domestic government bonds, although declining yields might also prompt them to seek out alternatives.
Although global bonds are experiencing a tumultuous year, with prices in free fall and yields skyrocketing, the low interest rates of the preceding years meant that many Australian super funds have smaller allocations to the asset class.
Global bonds are in their first bear market in a generation. AsianInvestor asks how investors should cope with the unusual situation.
Overseas equities weighed down on the Japanese pension fund’s performance particularly strongly, and efforts to optimise the equities portfolio are underway.
At the heart of Islamic bonds or sukuk is the idea of responsible investing, little wonder, then, that it should be finding its place in the world of sustainable investment.
Highlighting the type of innovative, forward-thinking approach that won it AsianInvestor’s ‘Best Environmental Investment Strategy Adviser’ for 2022, BNP Paribas Asset Management (BNPP AM) is now targeting issuers with activities that can help Asian cities raise the sustainability bar.
Recent volatility hasn’t changed the appeal of the $20 trillion China bond market, and index inclusion is playing a key role in driving investor demand for China fixed income ETFs, according to a recent AsianInvestor webinar, in conjunction with Hong Kong Exchanges and Clearing (HKEX).
Amid market volatility and tightening monetary policies, investors are turning to private credit, investment-grade bonds and value equities in developed markets.
Concerns remain on whether interest rate hikes by the Fed will be able to slow economic activity and tame inflation — or push the US economy into recession, triggering major uncertainties for Asian capital markets.
Arthur Lau, head of Asia ex-Japan fixed income, and Emily Lam, client portfolio manager, at PineBridge Investments, highlight the continued appeal of Asia investment grade (IG) as well as high yield (HY) bonds for their relatively stable and attractive source of yield and diversification.
For Chinese investors aiming to divest their onshore assets, Renminbi-denominated stocks in Hong Kong might not be a better option.