06/11/2008
In what could be the last piece of good performance news for super funds for some time, the Chant West Multimanager Survey found the median superannuation ‘growth’ fund (with a 61 – 80 per cent allocation to growth assets) returned 2.3 per cent for the premeltdown month of August.
State Street Global Advisors internally promoted Rick Lacaille as its new global chief investment officer.
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Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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