Asia Pacific asset owners are upbeat about meeting longer-term investment targets but less confident about the one-year outlook because of concerns about potential new taxes and regulations in the wake of the coronavirus pandemic and rising geopolitical tensions, according to an annual survey by State Street Corporation.
The US custodian bank polled more than 600 global assets owners, including 138 based in Asia Pacific, in September-October about their investment targets.
Some 66% of Asia Pacific investors said they are optimistic about their growth targets over the next five years, up from 62% in the 2019 survey, though lower than the 77% global share, State Street says in a statement on December 10.