ESR becomes Apac’s largest real estate manager

ESR, Apac, real estate manager, Hong Kong, real estate, fund manager, Asia Pacific, surveyHong Kong-based ESR Group has been named as the largest real estate fund manager in Asia Pacific, following the release of an industry survey. The Fund Manager Survey 2023 published by the Asian association for investors in non-listed real estate vehicles (Anrev), along with its international counterpart Inrev and the US-based National council for real estate investment fiduciaries, found that global assets under management (AuM) for real estate for the 116 respondents in the survey exceeded US$4.1 trillion The findings reflect a wider trend that has seen a number of pan-Asian industrial and logistics players emerge as leading participants in the global real estate market. While the survey shows that the average assets under management of firms globally has increased by 10% since last year at US$35.7 billion, the increase has been more pronounced in Asia Pacific. The survey also shows the extent of consolidation in the sector and cites ESR's merger and acquisition growth as a major factor in its position at the top of Apac real estate fund managers’ AuM levels, significantly ahead of its nearest rival, GLP Capital Partners. ESR completed the $5.2 billion acquisition of Singapore-based ARA Asset Management in January 2022. The survey also shows the dominance of pan-Asian industrial and logistics-focused players, that account for three of the top four firms in the region.   "The ongoing consolidation in the non-listed real estate industry is evident as the concentration of AuM in larger fund managers persists in 2022,” said Amélie Delaunay, senior director of research and professional standards at Anrev. “It is interesting to observe that non-listed real estate AUM in APAC is dominated by single sector industrial and logistics investment managers, ESR, GLP and Goodman, which is a shift from five years ago where more diversified managers figured in the top three." © 2023 funds global asia


A quiet revolution in Japan’s corporate governance

revolution, Japan, corporate governance, Shareholders, corporate, governance, standards, improvement, Tetsuro Takase, SuMi TrustShareholders in Japan no longer accept below-par corporate governance standards. Changes are taking place, but there are still areas for improvement, says Tetsuro Takase at SuMi Trust.

Why rising demand for healthcare is creating investment opportunities in China

rising demand, healthcare, investment, opportunities, China, Robert St Clair, Investment Strategy, Fullerton Fund ManagementRobert St Clair, head of investment strategy at Fullerton Fund Management, explores the reasons investors should be paying attention to the rising demand for healthcare in China.

Why take advantage of the recent dip in China’s internet sectors

advantage, China, internet, market, OctoberChina's internet market presents one of the most compelling long-term growth potentials for investors today, given the catalysts supporting the sector from both macro and fundamental perspectives, explains Dr Xiaolin Chen, head of international, KraneShares.

India’s growing importance to the global economy

India, importance, global economy, Apple, iPhone, ChinaThe China Plus One narrative might affect “the world’s factory” and give opportunities for India and other countries well-placed to assume part of the global supply burden. Written by Natalya Zeman, equity investment director, Capital Group.

Industry comments

Leading from the front: Back office is key to the next tech evolution

Leading, Back office, key, tech evolution, funds industry, transformational journey, yields, investor, Technology, Standard Chartered, Shikkoh Malik, funds landscapeThe funds industry is going through a transformational journey focused on generating enhanced yields and elevating the investor experience. Technology is a key driver propelling these initiatives. Standard Chartered’s Shikkoh Malik explains how the firm is leveraging modern technology to achieve efficiencies across the funds...

The world is waking up to India’s growth

world, India, growth, Indian, economy, UTI,  Praveen Jagwani, country, successAs the Indian economy goes from strength to strength, UTI international chief executive Praveen Jagwani highlights the myriad factors behind the country's recent success.

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