HONG KONG – International asset managers comparable to State Avenue and Authorized & Basic face a possible hit of tens of hundreds of thousands of {dollars} in cash administration charges after Japan signaled a objective to channel extra state retirement funds into home property.
Traders wager that billions of {dollars} could possibly be shifted into Japanese markets after Finance Minister Satsuki Katayama mentioned Friday the authorities goals to steer the nation’s huge state pension funds to “considerably” enhance home asset investments.
International fund managers at present oversee almost all of the $930 billion offshore publicity of the Authorities Pension Funding Fund (GPIF), the world’s largest pension fund with $1.8 trillion in property.
