Asia ex-Japan pension fund assets to reach $4t by 2015
Assets held by pension funds in Asia ex-Japan and Australia stood at $2.2 trillion at the end of last year and are set to reach $4 trillion by 2015, largely fueled by an expanding middle class.
According to a survey by Citi and Cerulli Associates, the development of institutions and onshore mutual funds in China is a key driver. Korea is also increasingly influential, with the country's $285...
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