Money manager eyes Asia-Pacific property for growth, but tells investors to keep bet on US

Principal Asset Management, a US-based money manager, is planning to increase its investment in Asia-Pacific property markets. This move is driven by the company's belief that investors have been underweight in the region's office property segment. The decision is significant for markets as it indicates a shift in investment focus from the US to the Asia-Pacific region.

Why it matters

Principal Asset Management is poised to become more active in Asia-Pacific property markets, believing investors have been underinvested in the region. This could lead to increased investment and growth in the area.

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MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to South China Morning Post. For information only — not financial advice.