The days when Australia “rode on the sheep’s back” may be long gone, but agriculture remains a critical component of the economy, generating valuable export income. While overseas investors understand its importance, for most local institutions it’s still a bridge too far.
For several years, investors, from institutional to retail, couldn’t get enough of the tech stocks with all their promises of future growth. But now the market has spoken and it’s saying precisely this – valuations matter again.
… as ASFA chief to take the stage at Chant West Awards
The master of ceremonies at Chant West’s fifth annual Awards night, at Sydney’s Ivy Ballroom on May 24, will be Martin Fahy, the new chief executive of ASFA, who said: “We need to send a clear message that super funds are doing a good job”.
In a release this week detailing the 12 Awards categories, including the new ‘Best Fund: Advice Services’ award, Fahy said: “It will be a fun night, and an important one at a time when confidence in superannuation is being put to the test. We need to send a clear message out there that super funds are doing a good job. The Chant West awards help do that by focusing on some of the excellent work which has delivered good value to members and helped them make sensible, informed decisions.”
The Awards this year focus on three themes:
- The value of advice – especially how funds go about understanding their members better in the lead-up to retirement and ‘nudge’ them towards good decisions
- Product development in the retirement incomes area, where innovative ideas can help manage longevity risk as well as investment risk, and
- Integrity in investments – the extent to which funds stick to strategies that have proven successful at a time when investment fees are under ever-increasing scrutiny.
The Awards event usually sells out well beforehand. For information and ticket sales: www.chantwestawards.com.au
Note: Investor Strategy News is the media partner for the Awards.
