The region’s top 300 institutional investors registered a 3% rise in assets under management during 2016, according to our 15th consecutive annual survey.
The joint-venture fund company between Principal and China Construction Bank is looking to target China's pension fund market with upcoming fund of funds.
The firm is the first since 2007 to win a licence to run enterprise annuity money in China, but must now build a team, as asset managers eagerly await mainland public pension fund reforms.
The new pension fund management joint venture between China Construction Bank and the National Council for Social Security Fund is awaiting a licence to be able to start investment activities.
Principal Global Investors has been meeting distributors to discuss them selling its funds in mainland China, having made several recent senior appointments.