As the world threatens to plunge into recession, the distressed debt opportunity set is expanding. Even high-quality businesses are feeling the effects of inflation and rapid rate rises.
The CEO of AustralianSuper says the Morrison Government doesn’t get enough credit for introducing the YFYS reforms, and that funds need to stop arguing over its detail and get on with the business of performing against the benchmarks.
Adding a qualitative measure of performance or the right to appeal to YFYS could enhance consumer outcomes. But critics have warned that it could defang the test.
Following a flurry of activity where it deployed more than $3 billion of capital into real assets and private markets in Australia and overseas, TCorp has a new head for the division – with more investments to come.
The Grattan Institute says that “maintaining the integrity” of the performance test is vital and that the review should seek to make incremental improvements rather than wholesale reforms.
Following a “comprehensive and thorough” tender process, the $230 billion Australian Retirement Trust has consolidated its custody arrangements post-merger.
The opportunities of the decarbonisation boom are nigh endless. But a rising tide won’t lift all boats, and there’s plenty of ‘worst in breed’ companies that will surprise to the downside.
If reducing the number of funds was its goal, Your Future Your Super has been a wild success. But as an indicator of performance, it leaves a lot to be desired.
It’s a good thing the superannuation industry hasn’t received “chapter and verse” from the government on its affordable housing plan. But details around performance still need to be worked out.
In the madness of the last nine months, optimism has become a contrarian position. But there’s still plenty to be optimistic about in US equities.
