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.
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.
