CalPERS (USA) 2012 | ADIA (UAE) 2012 | ||
Equities | 49% | Equities | 46 - 70% |
Fixed Income | 18% | Fixed Income | 10 - 20% |
Private Equity | 14% | Alternatives | 5 - 10% |
Real Estate | 9% | Real Estate | 5 - 10% |
Others | 6% | Credit | 5 - 10% |
Absolute Return | 2% | Private Equity | 2 - 8% |
Infrastructure | 1% | Infrastructure | 1 - 5% |
GIC (Singapore) 2011 | Yale University (US) 2011 | ||
Equities | 49% | Private Equity | 34% |
Fixed Income | 22% | Real Estate | 20% |
Real Estate | 10% | Absolute Return | 17% |
Private Equity | 10% | Equities | 16% |
Absolute Return | 3% | Natural Resource | 9% |
Natural Resource | 3% | Fixed Income | 4% |
CPPIB (Canada) 2012 | British Telecom Pension (UK) 2011 | ||
Equities | 34% | Equities | 24.10% |
Fixed Income | 32.70% | Fixed Income | 22.00% |
Private Equity | 16.90% | Alternatives | 21.90% |
Real Estate | 10.70% | Inflation Linked | 20.60% |
Infrastructure | 5.70% | Property | 11.40% |
PFA (Japan) 2012 | |||
Equities | 39.80% | ||
Fixed Income | 59.50% | ||
Real Estate (& Others) | 0.70% |
Type | AUM(billion /USD) | Allocation to Real Estate | |
Yale University (US) 2011 | Endowment | 19.4 | 20% |
British Telecom Pension (UK) 2011 | Pension | 56.7 | 11.40% |
CPPIB (Canada) 2012 | Pension | 160 | 11% |
GIC (Singapore) 2011 | SWF | 247.5 | 10% |
CalPERS (USA) 2012 | Pension | 238.4 | 9% |
ADIA (UAE) 2012 | SWF | 627 | 5 - 10% |
PFA (Japan) 2012 | Pension | 122 | 0.70% |
Investment Portfolio as of Mar 2012 | |
Equities | 39.80% |
Fixed Income | 59.50% |
Real Estate & others | 0.70% |
Country |
Population (in mil)
|
GDP(in USD mil) |
Japan | 128 | 5,869,000 |
China |
1348 | 7,298,000 |
Singapore |
5 | 260,000 |
Malaysia |
28 | 279,000 |
Hong Kong |
7 | 243,000 |
India |
1206 | 1,676,000 |
Indonesia | 241 | 846,000 |
Among all the allocations, only 9.6% of total Japanese Pension Funds are invested in alternative investments, and only 0.4% of that goes in real estate, thus proves the lack of investors/investments in real estate sector. In addition, Japan has a negative 3.6% loss in its total pension fund, while having the world's second largest pension funds asset. This indicates that Japan's current investment plans is flawed and thus we need to find alternative investments and perhaps in real estate.
Japanese Yen continue to rise as USD falls
The well-known aging population in Japan, as Japanese population decreases
Types of Investors |
Our Coverage |
Insurance Companies | more than 20 investors |
Corporate Pension Funds | more than 110 investors |
Japanese Corporate banks and investment associations | more than 20 investors0 |
Japanese FoFs & Gatekeepers | more than 10 investors |
*Family Office (Japan and Asia) | more than 10 investors |
*Private banks (Japan and Asia) | more than 10 investors |