The $34 billion super fund has appointed Northern Trust for asset servicing solutions, becoming the latest NAB Asset Servicing client to find a new home.
Forestry comes with high returns and low volatility, and also rises to the top of the real assets universe in terms of inflation protection and diversification. It doesn’t fret recessions much, either.
Surging equity markets have driven the Future Fund’s return higher, but its prediction that inflation will be stickier than expected has been born out and it “remains conscious of the potential for significant deterioration”.
The $280 billion ART has become the latest megafund to set up an offshore outpost as it looks to secure “even more compelling investment opportunities” for its 2.3 million members.
Owning the largest stocks has historically been a recipe for underperformance over every period, according to value house Pzena, but the madness of benchmark construction means some investors have few choices but to.
A hurricane doesn’t cause a financial crisis, and a financial crisis doesn’t cause a hurricane – so investors are increasingly eyeing the lucrative and uncorrelated returns of the cat bond market.
The industry fund is a cornerstone investor into Fidelity’s new logistics real estate fund, tipping in around A$130 million as it looks to grow its allocation to impact investments.
There’s been good times and bad times for the EM set, but they’ve exited Covid monetary settings well ahead of their developed market peers and their debt is back en vogue.
A second Trump presidency would see a new era of American economic protectionism, according to Allspring, sending inflation higher and global growth lower. And that’s without factoring in potential threats from China and Iran.
The AUD$660 billion M&G has been a “sleeping beauty” down under, and it wants more than the mandate it already runs for the Future Fund. Thinking like an asset owner is part of the equation.
