“In light of this, we considered whether the overall view of growth assets should be raised to positive to take advantage of improved valuation signals resulting from recent price falls. “On balance, however, while we believe double-dip and inflation risks are low, the consequences of such events would be extremely severe in a world with ballooning fiscal deficits and fragile banking systems. As a result, we have decided to retain our current neutral stance on growth versus defensive assets.
Investments
The $205 billion Aware Super says that around 15 per cent of assets in its high-growth option are exposed to the AI thematic, but says that finding the portfolio's true concentration will require looking beyond simple dollar aggregation. Head of investment strategy Michael Winchester unpacks the approach and why the fund has to be “really discerning” with where it allocates to in the future.
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