Market Views: can exchange-traded assets replicate private equity returns?

Many institutional investors in Asia are ramping up their alternative investments, particularly in  private equity, but illiquidity and high fees are driving them to look to other asset classes such as exchange-traded assets.  Asset owners have been turning to private equity as they seek to enhance their returns in today's low-interest rate environment. FWD's Hong Kong chief investment officer Jethro Goodchild said in March the life insurer is turning to private equity to both imp…