APG are about two months into the process, and unlike the blocked sale to Chinese linked-interests, this isn’t seen as politically sensitive, one of the people said. The Ausgrid purchase requires approval from Australia’s Foreign Investment Review Board and Treasurer Josh Frydenberg, which should be forthcoming, the people said. ![]() Read More: Beat Negative Yields By Heeding Australia’s $2 Trillion Pensions Ausgrid manages Australia’s largest electricity grid and is the only distributor for some of the nation’s most densely populated areas, including eastern Sydney and the Central Coast. The sale comes as pension funds, which have typically favored stocks and bonds, have poured more money into airports, toll-roads and regulated utilities in a hunt for higher-yielding assets. AustralianSuper will retain a 8.4% direct stake and an interest through an infrastructure mandate with IFM Investors, the statement said.Īusgrid is a “great addition” to APG’s portfolio as it’s “expected to play a critical role in the energy transition and contribute to further carbon emission reductions,” Hans-Martin Aerts, APG’s head of infrastructure at its Asian unit, said in an emailed statement. Article contentĪPG bought a 16.8% stake in Ausgrid from AustralianSuper as the nation’s largest pension fund rebalances its infrastructure portfolio, the funds said in an earlier statement. SWFI is a minority-owned organization.This advertisement has not loaded yet, but your article continues below. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. All material subject to strictly enforced copyright laws. No affiliation or endorsement, express or implied, is provided by their use. ![]() Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. Sovereign Wealth Fund Institute® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. If Dutch pension funds don’t conquer their fear of change and become more customer-friendly, they run the risk of becoming the dinosaurs of the future, according to Gerard van Olphen, CEO of the 470bn asset manager and pensions provider APG. © 2008-2022 Sovereign Wealth Fund Institute. The China fixed income strategy is the second investment strategy of APG with E Fund, next to its US$ 657 million China A Shares strategy that was launched early 2018.Īs of September 30, 2019, E Fund manages over US$ 193 billion. “With the Chinese market opening more and more to international investors, this is a good opportunity for us,” Steverink added. ![]() In the current low yield environment, we welcome investments that have both solid returns and relatively low risk profiles,” said Sandor Steverink, head of Treasuries at APG’s asset management division. “As a pension investor, we are always looking for attractive investments that realize stable, long-term sustainable returns for our pension fund clients and their beneficiaries. Included in this is the aim to increase investments that contribute to the United Nations’ Sustainable Development Goals.Ĭonfirming news reported recently by SWFI, APG also announced the establishment of a Shanghai and Beijing satellite office to support its execution of this investment strategy. ![]() This is the first fixed income strategy in China that fully incorporates the responsible investment policies of APG’s pension funds clients. APG Launches Fixed Income Strategy in Chinaĭutch pension investor APG Asset Management, which oversees the Stichting Pensioenfonds ABP, launched a fixed income strategy in mainland China, together with its partner Guangzhou-based E Fund Management Co., Ltd., one of the largest comprehensive fund managers in China.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |