The public pension fund reserve saw AUM top Rmb1 trillion after a local government mandate and healthy returns. If it continues to diversify, it's expected to raise mandated assets.
With regulations set to be eased to allow Taiwanese insurers to invest lower down the global bond spectrum, Daniel Teng of Cathay Life says it may capitalise, but will need external help.
They are asking for long-term performance, but changing managers on short-term results. Nevertheless, Cerulli’s Ken Yap sees emerging opportunities for serving Asian institutions.
Japan’s Government Pension Investment Fund is managing the majority of its assets internally, with some fund managers losing ground and others increasing the value of their mandates.
Legg Mason's Esemplia, Morgan Stanley Investment Management and Vontobel will each run a $250 million global emerging-market portfolio, the state entity’s first GEM mandates.
The Malaysian firm is pitching for more institutional mandates and hopes to benefit from money contributed to the state-run Employees Provident Fund being shifted into unit trusts.