And I do think there is more attention now being paid to the non-US economy,” Principal Asset Management President and CEO Kamal Bhatia said in an interview with The Korea Economic Daily last week during his visit to Seoul.“I think there is generally a re-rating of growth across the globe, but it is spotty.”The CEO recommended that investors carefully examine the growth trend of different parts of the world and sectors to unlock opportunities because growth rates differ country by country, sector by sector or asset by asset.“There is a lot more engagement in the global economy today for a variety of reasons.
Principal Asset Management's Korean office is actively exploring diverse offerings beyond real estate assets for Korean investors, such as mid-market direct lending, said John Kim, managing director at Principal Global Investors' Korean office, who accompanied Bhatia during the interview.“We will expand from real estate to corporate direct lending and also to infrastructure debt, so that we can cover all kinds of private asset classes and provide a wide variety of strategies to create clients,” said Kim.
It is time to shift focus toward non-US markets after years of stellar performance of US assets driven by the robust world’s No.1 economy, said Principal Asset Management’s chief executive, adding that digital real estate remains attractive amid the ongoing artificial intelligence boom.“All the attention has been on the US economy and how the US economy was continuing to do.
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