23 May 2011 14:00
“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.
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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