Global real estate manager looks to double Asian bets
Franklin Templeton is looking to double its real estate assets under management in the high-growth Asia Pacific region with the launch of a new fund over the next few weeks.
Franklin Templeton is looking to double its real estate assets under management in the high-growth Asia Pacific region with the launch of a new fund over the next few weeks.
The $15.2 billion ($11 billion) New Zealand Superannuation Fund has ploughed $80 million into the Asia-Pacific region’s first life settlements swap, in a deal organised by Credit Suisse’s Sydney-based fixed interest investment banking team.
Sovereign wealth funds (SWFs), with assets of about US$5 trillion, see Brazil, China and areas of Central America as the most attractive geographical regions for investment, while 70 per cent plan to increase their allocations to equity markets in the second half of the year, according to new research by Financial Dynamics International (FDI).
Despite Asian markets falling and redundancies occurring inline with the West, Mercer Investment Consulting has predicted that the Asian economy will continue to grow at 9 per cent this year.
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