The group said on Nov 22 that it also plans to "leverage M&A (mergers and acquisitions) to grow in our focus markets of Japan, Korea and Australia, and look to ex-Asia developed markets such as the US and Europe next".
The asset management group aims to double funds under management (FUM) from $102 billion, as at the third quarter of 2023, to $200 billion in financial year 2028.
It expects China's contribution to its FUM to moderate, it told investors.
As CLI ramps up in other markets, China contributions will be reduced to between 10 per cent and 20 per cent by financial year 2028. This is down from 27 per cent of CLI's FUM as at Nov 21.
Growth in China will be driven by CLI's renminbi funds, lodging business, as well as investment opportunities arising from special situations, the group said.
This story is from the November 26, 2024 edition of The Straits Times.
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This story is from the November 26, 2024 edition of The Straits Times.
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