AMP will take a 15% stake in its new joint-venture with China Life, with the insurance company owning the rest. The JV may eventually apply for QFII quota.
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The Australian firm has already raised $305 million, mostly from Asian institutions, and intends to have a final close by the first quarter of 2014.
AMP Limited's CEO-in-waiting, Craig Meller, is prioritising growth in China in a drive to turn around its investment management arm's shrinking AUM in Asia following a rout in Japan.
China's social security fund has named a dozen foreign fund houses to run the global mandates for which it invited pitches last year.
The new fund is evidence of increased allocation to infrastructure by pension funds, says Anthony Fasso, CEO of AMP Capital International.
Dean Winterton will join Prudential Corporation’s funds arm as Asia head of institutional business from AMP Capital, succeeding Paul Hancock.
The new AMP Capital Infrastructure Debt Fund takes a distinctly risk-averse attitude to its asset class, with a focus on OECD assets.
Boe Pahari will move from Foreshore Global Capital in London to AMP Capital Investors' office in Singapore for the new role.
Investment Outlook Series: Karma Wilson, head of Asian equities at AMP Capital Investors, favours China, India and Indonesia over the long term.
AMP Capital Investors' Shane Oliver highlights risk management and how portfolios should be constructed with those risks in mind.
Xiao Wei is based in Beijing where he will source infrastructure investment opportunities in China.
The US bailout plan removes the risk of a major financial market meltdown, but restoring confidence overall will take time, says AMP Capital InvestorsÆ Shane Oliver.