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.
Asset owners are being tipped to boost exposure to infrastructure and real estate from a low base, but with such strong demand for scarce assets, overbidding is a risk.
The fund manager gives international CEO Anthony Fasso responsibility for its dominant Australian client base. It comes as the firm officially opens its Hong Kong office.
The strategic business alliance announced between Mitsubishi UFJ Trust and Banking and Australia’s AMP Capital Investors highlights the barriers to reaching Japanese investors.
Bolstered by new hires Anthony Fasso and Boe Pahari, AMP Capital is keen to take advantage of new openings outside Australia for mezzanine lending to real assets.