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.
Bu hikaye The Straits Times dergisinin November 26, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Straits Times dergisinin November 26, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
TACKLE PLASTIC WASTE, ONE NAIL AT A TIME
Before global leaders take the problem of plastic pollution into their hands in November, Japanese manicurist Naomi Arimoto is putting it on her fingernails.
Unpacking Ireland's cultural and creative renaissance
From Sally Rooney's bestsellers to actor Paul Mescal, Ireland, which holds a general election on Nov 29, has been enjoying a cultural and creative renaissance.
Jung Ho-yeon and Lee Dong-hwi split
Squid Game (2021 to present) star Jung Ho-yeon has split from her actor-boyfriend Lee Dong-hwi after a nine-year relationship.
Dorothy's ruby slippers to go under the hammer
The ruby slippers worn by the late American actress Judy Garland in classic film The Wizard Of Oz (1939) will be sold at auction in December, nearly 20 years after they were stolen.
Artist Julie Mehretu opens solo Show in Sydney
Ethiopia-born New York artist Julie Mehretu (right), considered one of the most influential living painters, has opened her first solo show in the Southern Hemisphere in Sydney.
Wicked's renowned costume designer returns to Oz
Tony Award-winning designer Paul Tazewell first created costumes for The Wizard Of Oz in a high-school production
ULTIMATE SELF-CARE
'Tis the season to treat yourself at spas and salons, which have introduced a slew of treatments for head-to-toe pampering
Fifa using $67m legacy fund for social initiatives
LAUSANNE - Fifa launched a US$50 million (S$67 million) legacy fund for social programmes on Nov 27, in collaboration with 2022 World Cup hosts Qatar and the World Health Organisation (WHO), the World Trade Organisation (WTO) and UNHCR, the UN Refugee Agency.
THE MARATHON BIKER GUY
Veteran Aussie has cycled over 50 courses in 12 years to ensure the route is 42.195km
Emery upbeat despite late drama against Juve
DIFFERENT PERSPECTIVE
