The infrastructure mandate is part of GPIF’s fund of funds alternative mandate, a multi-manager strategy incorporating private equity, infrastructure, and real estate.
The ETF’s underlying index is the CSI Overseas China Internet Index, which consists of China-based companies listed in the US or Hong Kong whose primary business or businesses are related to the internet and internet-related technology.
Bathwal, who is based in Singapore, has posted an annualized return of 17.5 percent since he joined the firm in 2008
By staging two non-deal roadshows to Singapore, Honk Kong and Japan, the government is also aiming to profit from bearish interest rates in those countries where investors are virtually seeking trusted alternative instruments to their low yield ones.
In the latest sign that trade tensions are easing, Chinese President Xi Jinping this week renewed pledges to open industries from banking to auto manufacturing, drawing praise from U.S. President Donald Trump.