Institutional Asset Management in Asia 2022
Opportunities in a Changing Landscape
Identify Opportunities in Asia’s Institutional Markets
- Analyze active versus passive investing
- Explore sub-advisory partnerships
- Review environmental, social, and governance (ESG) integration
- Explore partnership arrangements between asset owners and intermediaries
- Understand the impact of fee pressure on manager selection and the investment processes
Buy Now

Manni Huang
Associate Director, Account Management, Asia
- Boston HQ +1 617.437.0084
- Singapore +65 6994 1022
- London +44 20 7645 9040
Summary
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
Methodology
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
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
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
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
Institutional Investors in Asia Reassess Portfolio Risks and Opportunities in 2023

Soo Ah Ran Cho
Associate Director
Bio →

Soo Ah Ran Cho
Associate Director
Soo is responsible for institutional and retail research in the Asian asset management industry. She is the lead analyst for the Institutional and Insurance research practice in Asia and contributes to Asian Retail reports, Asian Retirement Markets, Responsible Investing in Asia, Cerulli Edge publications, and consulting projects.
She has a background in institutional sales, product management, investment research, securities trading, and investment advisory. Prior to joining Cerulli, she worked at BNY Mellon Asset Management (HK), Fidelity International (HK), Eastspring Investments (SG), and Phillip Securities (SG).
Full biography here.
Inflation risk (72%) is the biggest concern for most asset owners and asset managers in Asia over the next two years, followed by global recession fears (67%), risk management (66%), and geopolitical tensions (59%). Although inflation was expected to be transitory at the beginning of 2022, the consensus expectation now points to inflation extending well into 2023, reducing real returns immediately and making portfolio diversification more challenging.
In 2023, Cerulli believes that the promotion of real assets, emphasis on income, and capital protection are re-emerging as core themes across asset owners in Asia. To evaluate asset owners’ portfolio allocations in 2021 and 2022, the reasons behind their asset allocation decisions, and how they plan to change their asset allocations going forward, use our latest report, Institutional Asset Management in Asia: Opportunities in a Changing Landscape.
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

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.