'Russell to pump-in more funds in Asia'
US-based Russell Investments plans to pump-in more funds in the Asian property markets and a large share of these will be targeted at India and China.
By PTI |
NEW DELHI: US-based Russell Investments plans to pump-in more funds in the Asian property markets and a large share of these will be targeted at India and China, a top official said.
Russell would significantly grow its investments in the Asia region. "We do plan to increase both our level of investment in Asia, and the number of funds focused on the region," Russell Investments Head of Property (Asia Pacific) Martin J Lamb said.
"A portion of these investments will flow to Japan and other mature markets, but the majority will target emerging Asia, particularly China and India," Lamb added.
Russell Investments provides strategic advice, performance benchmarks and a range of institutional-quality investment products. It has more than 211 billion dollar in assets under management as of June 30, and serves individual, institutional clients in over 40 countries.
Russell plans to increase its investment levels largely due to the fact that its clients are showing an increased interest in benefiting from global diversification.
"In many cases, their current level of Asian property investment is below their current target, and we see clients increasing their target allocations to Asia as well," he said.
Russell is a a subsidiary of The Northwestern Mutual Life Insurance Co and its industry-leading indexes have USD 4.4 trillion in assets benchmarked to them as of December 31, 2007.
Russell would significantly grow its investments in the Asia region. "We do plan to increase both our level of investment in Asia, and the number of funds focused on the region," Russell Investments Head of Property (Asia Pacific) Martin J Lamb said.
"A portion of these investments will flow to Japan and other mature markets, but the majority will target emerging Asia, particularly China and India," Lamb added.
Russell Investments provides strategic advice, performance benchmarks and a range of institutional-quality investment products. It has more than 211 billion dollar in assets under management as of June 30, and serves individual, institutional clients in over 40 countries.
Russell plans to increase its investment levels largely due to the fact that its clients are showing an increased interest in benefiting from global diversification.
"In many cases, their current level of Asian property investment is below their current target, and we see clients increasing their target allocations to Asia as well," he said.
Russell is a a subsidiary of The Northwestern Mutual Life Insurance Co and its industry-leading indexes have USD 4.4 trillion in assets benchmarked to them as of December 31, 2007.
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