Institutional Asset Management in Asia 2021

Reassessing the Fundamentals

Identify Opportunities in Asia’s Institutional Markets

  • Analyze active versus passive investing
  • Evaluate alternative strategies and co-investments
  • Learn the know-how for risk management
  • Identify the impact of regulatory developments on portfolio construction


Discounts available for bulk purchase

Report US Investment Consultants 2020 Detail

Buy Now

Manni Huang

Manni Huang

Associate Director, Account Management, Asia


This annual report sizes and identifies the opportunities in Asia’s institutional markets, covering pension funds, sovereign wealth funds, central banks, insurers, government-linked institutions, and other key asset owners in Japan, China, Taiwan, Hong Kong, Korea, and Singapore. It discusses institutional asset owners’ investment concerns and priorities, portfolio allocations and new strategies, outsourcing, external manager selection, and investment plans.

Included with Purchase



Each report is lead authored by a senior Cerulli analyst with significant industry experience. The report incorporates qualitative and quantitative inputs, based on Cerulli’s proprietary research process. For more on our research process, click here.

Executive summary

Executive Summary

Get the most important report findings distilled in an easy-to-understand and highly visual format before you begin your journey through the report or use it as a tool for senior leadership.

Interactive report dashboard

Interactive Report Dashboard

Access consolidated data from multiple report exhibits in a single comparative view. Flexibly build your view of data with customizable filters and share the results in a format that meets your requirements.

Analyst support

Analyst Support

Got a question? Our analysts are available to help you interpret and analyze key findings as well as provide their perspective on industry trends.


Data Behind the Report

Data is the foundation of our reports. Each study contains nearly 100 exhibits, available to buyers in Excel format. Extract and explore Cerulli’s data and analysis your way.


Digital Access

Access your reports digitally anytime, anywhere, on any device through our client portal.

A Note from the Author

Asian Institutions Shift Portfolio Allocations in Response to COVID-19

Ken Yap, CFA

Ken Yap, CFA

Managing Director, Asia

Bio →

Ken Yap, CFA

Ken Yap, CFA

Managing Director, Asia

Ken Yap is managing director of Cerulli’s Asia Pacific office. He oversees Cerulli’s business development strategy and research initiatives in the region. For more than 20 years, Ken has worked with asset managers, distributors, and financial institutions, identifying expansion opportunities with his deep knowledge of the market. He specializes in product development and market entry strategies into Asia’s established and emerging markets.

Prior to leading the Singapore office, Ken covered local and global asset management and distribution trends in Cerulli’s London and Boston offices. Before joining Cerulli, Ken was a consultant at Analysys’ Cambridge office in the U.K.

Full biography here.

The pandemic has impacted the way Asian institutions manage their portfolios. Institutional investors have been reducing their fixed-income exposure while increasing allocations to overseas assets, equities, and alternative investments in search of returns. More specifically, they are increasingly evaluating allocations to growth sectors that are expected to gain from long-term structural changes, such as digitalization and sustainable investing.

According to our research, there are several approaches institutions believe will optimize portfolio returns, the first being effective risk management (69%), followed by the inclusion of factor-based investing into portfolios (47%), having the right investment scale (45.2%), and integration of database and technology (43.8%). Asian institutions are prioritizing the quality of companies, low volatility, and blending growth and value investments to build portfolios that are resilient and have greater flexibility to respond to unanticipated events. With aims to guard their portfolios against external shocks, integration of sustainability considerations is gaining traction among institutions, and of growing importance during the manager selection process for knowledge transfer.

Managers seeking to gain institutional mandates will need to prove their capabilities, agility, and dynamic portfolio management. Our report, Institutional Asset Management in Asia: Reassessing the Fundamentals, offers asset managers a look into the challenges ahead in the institutional space, and opportunities available to managers seeking to gain mandate wins.

Contact Us

Want More Information?

Learn more about this report and related Cerulli research.

Contact Us

You May Also Be Interested In

  • Annual report
  • The Cerulli Edge
Consulting Page module Rocket 120820

Strategic Consulting & Custom Research

Cerulli Consulting

Understand where to allocate resources to achieve your objectives. We can help you determine which initiatives are likely to be successful and those that may not achieve the desired effect. In an increasingly competitive market, our objectivity and experience can help you to advance your firm’s unique strengths.

Learn More

We use cookies to improve your site experience, distinguish you from other users and support the marketing of our services. These cookies may store your personal information. By continuing to use our website, you agree to the storing of cookies on your device. For more information, please visit our Privacy Notice.