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.
Educating and re-educating stakeholders about the trade-offs involved in defensive investments is a key governance challenge funds face, experts say.
Ben HurleyAugust 3, 2022
