India might be a matter of “when, not if” for Australian super funds, but the Maple Eight and other Canadian pensions are well ahead on investing in what will soon be the world’s third largest economy.
The big institutional investors that have thrown their weight behind the transition can’t get enough wind and solar. But that means a lot of money is now chasing a small chunk of global emissions, according to Kerogen Capital.
KPMG’s latest Super Insights report shows the future shape that the industry might take, with distinct cohorts of funds now emerging across size and service. But there’s little positive sentiment to be found about funds online.
It’s been one of the most disappointing regions in the world in terms of performance, but Pzena Investment Management thinks China’s bombed-out equity market presents “a real win opportunity”.
The chief of BNP Paribas’ local securities services division expects that the period of heated competition that followed the exit of NAB Asset Servicing will continue, with custody banks leveraging their offshore footprints and private markets capabilities in the fight for new business.
While Australian Retirement Trust thinks massive scale makes offshore investing a must, not every fund wants to join the jet set, and UniSuper thinks there’s still plenty of opportunities to be had at home.
Equities are surging as asset allocators come to grips with the market environment and private markets are going backwards, according to bfinance, while fears of an ESG “backlash” appear overstated.
The end of decades of stable market conditions is a matter of ‘when’, not ‘if’, according to Ruffer. But there are two flies in the Fed’s ointment that will make it ineffective for soothing conditions.
Active Super and Vision Super are now entering the home stretch of a drawn-out merger process that will create a new $29 billion fund with 170,000 member accounts.
Bigger isn’t always better when it comes to member services. Megafunds might be able to mass customise, but when you’ve got two million members it’s tough to bring the personal touch.
