Why China’s NCSSF may increase outsourcing
The public pension fund reserve saw AUM top Rmb1 trillion after a local government mandate and healthy returns. If it continues to diversify, it's expected to raise mandated assets.
China’s National Council for Social Security Fund could be set to increase third-party outsourcing after its assets under management broke the Rmb1 trillion ($163 billion) barrier for the first time.
The council, which released growth and investment figures late last week, saw assets surge 27% to Rmb1.1 trillion – far outpacing 2010 and 2011 growth, notes Shanghai-based consultancy Z-Ben Advisors.
New sources of capital included a Rmb100 billion local pension fund mandate from G…
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