Funds manager seeks Melbourne-based insto BDM

Westfield is more than half the Australian REIT market.

“So investors are saying ‘I’ll just take a global portfolio and remove my Australian REIT exposure and get it through a global product’, hence why we’ve changed the benchmark so it’s inclusive of

Australia.”

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Blue skies and lawsuits power MLC Super returns higher

Global equities have driven most of MLC’s FY26 return so far, but its exposures to insurance-linked securities and “esoteric” credit have also put in the hard yards and helped the fund diversify beyond the AI thematic, according to chief investment officer Dan Farmer.

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