Private debt assets under management are expected to rise to $2.7 trillion in 2027 from $1.4 trillion in 2022, Manulife said, citing figures from Preqin in 2023. 

Value Partners
, a large Asian fund and asset management firm, has just launched the Value Partners Japan REIT Fund in Hong Kong, to capture the income and growth potentials of the Japanese real estate market.  

The fund aims to provide long-term capital appreciation and income generation through investment in real estate investment trusts (REITs) listed in Japan, the firm said in a statement.

It is the first Hong Kong SFC-authorised Japan REITs fund which helps investors in Hong Kong to capture the income offered in Japanese real estate. The Japan REITs market, which is the biggest in Asia, is diversified across offices, logistics, retail, hotel and residential sectors, allowing investors to construct a diversified income portfolio within the asset class, the firm added.

In addition to the Japanese yen share class, the fund provides dollar-hedged, Hong Kong dollar-hedged, Chinese renminbi-hedged and Singapore dollar-hedged share classes. The stable and sustainable dividend yields offered by Japan REITs, together with the interest differential of different currencies against the yen, provide investors with an attractive and complementary source of income in today’s environment, the firm continued.

Value Partners also said it collaborated with Daiwa Asset Management in the research of Japan REITs to deepen its understanding of the market.

“Looking forward, the strong momentum of Japan’s economy could provide support for property prices, which could lead to potential capital gains for REITs,” Ricky Tang, head of client portfolio management at Value Partners, said.