While it will retain its Asian investment platform, the restructure will be the biggest shake-up at the property giant since it sold MLC two decades ago.
Maple-Brown Abbott, Northcape, Antipodes and Abrdn are seeing investors continuing to pull money out of China and diverting it to other countries in the Asia Pacific, including Australia.
A late 2023 rally helped lift the sharemarket on optimism about commodity prices and the path of interest rates. Strategists agree records may tumble, but at the expense of higher volatility.