ASFA’s 2023 conference began with a pessimistic but realistic view of what investors can expect. They either need to build more resilient portfolios, trade more or “nail their colours to the mast and sail”.
Treasurer Jim Chalmers appears to have set himself another impossible task: ending the super wars. But legislating an objective for superannuation and urging funds to take part in nation building projects will only inflame them.
If the Albanese Government gets its way, superannuation will finally have a true objective. But actually legislating it will mean navigating a semantic minefield.
Osmosis IM was started with the belief that resource efficient companies would outperform their more wasteful peers. Fourteen years later it’s landed what’s likely the largest new ESG mandate in history.
It’s too soon to call the death of traditional portfolio construction even as an apparent new investment paradigm makes it more challenged. Investors should instead stay ‘humble students of the market’.
Magellan has flagged acquisitions and the addition of alternatives strategies as part of a five-year plan to reclaim the $100 billion plus heights it last scaled in 2021.
Superannuation funds are rapidly offshoring their assets as FUM grows faster than GDP, according to new data from NAB and ASFA. Coming early to the barbell strategy party has also paid off.
While diversifying strategies commanded the field through 2022, investors feel they’ve missed the boat on the returns to be had. Instead, they’re window shopping for more private equity.
Most asset allocators and institutional investors have a chief risk officer to manage investment volatility – but liquidity poses the greater risk, according to PGIM, and few institutions have a role for managing it.
Ex-Cooper Investors portfolio manager Qiao Ma has landed at Munro Partners, where she will help support its three global funds with research and stock ideas.
