Super also a casualty of the soaring Aussie

“But I think the results will give members a lot of comfort to know that last year’s positive return wasn’t a one-off, so it has been a year of consolidation.”

Chant West estimated that, on average, super funds need another 4.5 per cent in returns to get back to pre-global financial crisis levels.

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Aware Super hunts hidden AI exposures as concentration concern grows

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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