The $1.1 billion Print Super will review the limits on international investments which remain in its fund rules.
Chief executive of Print Super, Ross Martin, said the limits on offshore exposure varied between each member investment choice option, but at the plan level overseas assets are restricted to roughly 30 per cent. Print Super’s asset consultant, Mercer, had done some work looking at the implications of the longstanding limits across all asset classes, including property and infrastructure, Martin said. The board of the public offer fund will meet on August 30 to consider changing, or perhaps even abolishing the offshore restrictions.
The role of IFM Investors in arranging a visit by a delegation of Australian super funds to the US last month gives a pointer to the scale of the longer-term ambitions of the global super-fund-owned asset manager, and a recent investment in the manager by the UK pension fund NEST is designed to give it even greater clout. IFM chair Cath Bowtell tells Investment Magazine the manager aims to be a partner to governments around the world as they seek capital to build critical infrastructure.
Glenda KorporaalMarch 21, 2025
