The $13 billion Mine Super is headed for a merger with TWUSUPER that will diversify both funds’ member bases into new sectors, plug gaps in their portfolios and prepare it for a world where bigger is (allegedly) better.
To deliver for its highly engaged member base, UniSuper must walk a fine line between investing responsibly for their future and meeting their demands around climate change in the here and now.
2022 Global Real Estate Outlook
Late-Cycle Investing Philosophy Comes Early
2021 marked the most rapid economic recovery witnessed in the U.S. over the past four decades. As a result, inflation has reached its highest point since the 1970s and markets are polarized between the need to raise rates to curb price growth versus continuing to stimulate the economy to achieve and sustain full employment.
In the meantime, real estate fundamentals have accelerated beyond expectation, with 20% rent growth common in may ways U.S. apartment and industrial markets and cap rates at record low levels. Consequently, returns in 2021 are likely to be at the highest point since 2010. While Europe’s recovery has lagged and Asia’s has been more stop-start, real estate fundamentals have exhibited strength, and the weight of capital looking for durable income has kept yields low.
