Opening up early access to super for housing would have a negative effect on the balances of even those members that don’t dig into their savings, with funds forced to adopt more conservative investment strategies and hold more liquid assets.
The circa $88 billion industry fund for workers in health and community services reckons that alleviating the affordable housing crisis will boost its other investments by easing the cost of living and inflation.
Vanguard strengthens strategy and research
Vanguard Asia Pacific has seconded a senior investment analyst from the US, Jeffrey Johnson, to oversee its investment strategy and research team based in Melbourne. He will have a team of four analysts and economists.
The team’s revamp is designed to promote and enhance Vanguard’s reputation for thought leadership in investment-related issues and as a provider of investment research and strategy. Johnson relocates to Melbourne in the new year.
Johnson joined the Vanguard Group in 2000 as a senior investment analyst in the portfolio review department where he was responsible for fund and manager oversight, due diligence on prospective managers, product management and development, institutional client service, and co-management of a team of investment analysts.
Announcing the appointment last week, Joseph Davis, Vanguard chief economist and head of the global investment strategy group, said: “Vanguard is committed to providing market-leading investment research in the various international markets in which we operate.”
