Catholic Superannuation and Retirement Fund (CSRF) has increased its allocation to emerging market equities from 3 to 6 percent, reducing some of its weighting in Australian equities.
CSRF’s CEO Greg Cantor said: “We feel that while Australian equities still have exposure to China and India with resources, being such a small market, there are other opportunities out there which emerging markets will give.” With $3.5 billion under management, the international equities arm of CSRF represents around $1 billion, making this extension with emerging markets manager Lazard Asset Management worth $30 million. In September CSFR plans to review its defensive assets, looking at a range of conservative options beyond its current “vanilla” portfolio of corporate and sovereign debt. “Maybe we’ll reduce our exposure to fixed interest; we’ll be looking at everything from retail property to hedge funds,” Cantor said.
28 August 2007 00:00
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Investments
The Future Fund delivered a 14.8 per cent one-year return to June 30, 2026, attributing the return to a combination of exposure to commodities, geographic diversification, an increased focus on active management and low exposure to bonds. Newly minted chief investment officer Richard Brandweiner also highlighted strong performance in emerging markets.
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