In its investor day slides released on Nov 22, the group sees that China’s contribution to CLI is expected to moderate while adding that the acceleration of geographic diversification is necessary for the group’s growth moving forward.
CapitaLand Investment (CLI) aims to grow its funds under management (FUM) in certain regions including Australia, South Korea and Japan to 25% - 35% in 2028 from 18% year-to-date in 2024. While the group has kept its FUM growth target of $200 billion, CLI aims to lower its FUM percentage in China to 10% - 20% from 27% before As at Sept 30, China’s FUM made up 30% of CLI’s total FUM or $30.6 billion.
This comes as the group notes challenges such as diminished market activity, rising interest costs, declines in asset valuation as well as concerns over its China market.
