White papers and reports broadly related to the topic of pension funds in Asia, with a particular focus on Japan, China and Hong Kong. The most read white papers on Asian pension funds analyse the Chinese pensions system, the Japanese pensions systems and pensions systems in East and South East Asia. In particular, a number of articles consider Japan's GPIF... (Government Pension Investment Fund) and its management of assets. Further research and surveys consider other aspects of Asian pension schemes; the trends in Asian pension asset allocation, the effectiveness of pension fund governance, pension reform in China and elsewhere, and the trend towards longer-term investing. To search for keywords within the Asian Pension Funds category, use the search bar to the right of this text.
This paper seeks to explain high-level trends in asset allocation of major life insurers across eight Asian markets (China, Hong Kong, Indonesia, Malaysia, Singapore, South Korea, Taiwan, Thailand) over the last four years to 2015, using data collected from various regulatory and audited sources, enriched with subjective…
In GPIF, about 20% of all assets are actively managed by the asset managers, but only a small number of funds achieve the target excess return rate during the three years from FY2014 to 2016. In addition to the problem of the selection ability of the GPIF, there is a possibility that the target excess return rate may not be…
In this paper, we use historical returns to explore safe withdrawal rates, both in Japan and internationally. More importantly, we estimate safe withdrawal rates for Japanese investors based on our current return and risk expectations for Japan.
This is our first report specifically dedicated to climate bonds in Korea published in collaboration with SK Securities. This report aims to mobilise this market by providing information about the climate bond market and the oportunities and potential for growth in Korea.
Population aging used to be a demographic phenomenon exclusive to advanced economies. It followed a well-accepted pattern. Protracted periods of economic growth allowed advanced, but aging societies to accumulate national wealth and personal savings simultaneously. Public programs were established to provide an ecosystem of…
The purpose of this report is to document the assumptions used and results under HKAS 19 reporting for 118 defined benefit schemes in Hong Kong with financial years ended between 30 June 2017 and 29 June 2018. This report should not be used or relied upon for the purposes of determining assumptions to be adopted for HKAS 19…
Younger people in Japan with no memories of the country's "lost decade" of deflation are reporting more positive attitudes toward investing and are doing more of it, according to Fidelity’s latest annual survey of Japanese workers. For asset managers, the implications of this shift could be significant.
Investment behaviour in historically conservative Japan is changing, with investors looking for new products, giving rise to opportunities for global asset managers. But how can asset managers capitalize on this situation?
Japan's iDeCo (individual defined contribution) plan enrollment is growing rapidly in the wake of a January 2017 expansion of iDeCo eligibility. iDeCo plans differ from corporate defined contribution plans in several respects, the biggest of which is that most iDeCo participants do not open iDeCo accounts until they are…
The Government announced in the recent 2018/2019 Budget that it will encourage higher levels of retirement savings by providing tax concessions for deferred annuity products. In this issue, we share our insights on how this will impact retirement protection in Hong Kong.
Infrastructure investment in Asia faces a massive financing gap, both in “hard” and “soft” infrastructure, despite the region’s high savings. Underlying this gap is a capital flow paradox in which Asia’s outflow of portfolio funds far exceeds the inflow. To change this, solutions in at least three areas are necessary:…
Value investing had a tough decade of underperformance – and despite extensive research showing value outperforms over longer time horizons,
it looks like European fund managers have shifted their exposures to overweight growth stocks. Investors may be prudent to bear this in
mind as they rebalance or…
