Australia’s largest super funds are casting a close eye over their property and infrastructure allocations amidst challenging market conditions, according to new research from J.P Morgan. And while investment internalisation continues to gather pace, not all funds are sold on its worth.
Even the fund has been caught off-guard by demand for its new index and socially conscious high-growth options, which were rolled out in response to members wanting more choice – but not so much that they were overwhelmed.
The amount of investment required for the energy transition will likely prove to have an inflationary impact. But doing nothing will make the inflation surge of the post-Covid years seem paltry in comparison.
Treasury is fine-tuning the Your Future, Your Super performance test ahead of its next iteration in August. While the updates could pave the way for a better test, its extension to trustee-directed products is cause for consternation.
Good news from other emerging market countries has been overshadowed by spotty data and a sluggish recovery in China. But the recovery is gathering pace, and there’s good news on the geopolitical front too.
As NAB Asset Servicing ceases its operations and its book of orphaned clients come to market Citi Securities Services hopes that a new referral agreement – and its experience with RBC – will give it an edge over other providers.
Australian Retirement Trust has warned that introducing more granularity into the YFYS test might only confuse members and that funds will incur greater transaction costs as new benchmarks are added to it.
Just two years after selecting State Street as its custodian, Perpetual is deciding whether to take its business elsewhere in the wake of its acquisition of global fund manager Pendal.
After a punishing innings for her flagship ETF, ARK Invest founder Cathie Wood thinks investors need to stop living in the 70s. This time next year the Fed will be “running in the opposite direction” and deflation will dominate the market.
Active Super and Vision Super will press ahead with a merger that will “lower costs and improve member services” in a sign of the times for smaller super funds.
