Super funds are coming under increasing pressure from APRA and ASIC to demonstrate how they’re using and thinking about AI. For many of them, the AI “shadow risk” in their organisations might be greater than the footprint of their official program.
The big geopolitical and macroeconomic events of the last six years haven’t changed the investment game, according to AMP CIO Anna Shelley, but they have changed where you play it. The fund is also looking to its investment managers for AI innovations and examining the opportunities in the total portfolio approach.
The Principles for Responsible Investment has marked its 20th anniversary in an ASX bell-ringing ceremony today, underscoring the mainstream acknowledgement responsible investment has gained over the past two decade even though the movement faces persistent political headwinds in the US.
Super funds have more than doubled their exposures to global equities in the past 15 years, but it is a misconception that the surge came at the expense of Australian stocks allocation. At the Investment Magazine Fiduciary Investors Symposium, investors examined the changing portfolio role of Australian equities and whether it remains a strong market for active management.
The global energy transition is accelerating, driven by rising power demand across the electrification ecosystem. The Investment Magazine Fiduciary Investors Symposium heard how private capital at scale can harness electrification trends to create attractive risk-adjusted returns for investors.
The $237 billion megafund says that it’s ready for more mergers but that it won’t be a “buyer of complexity” in an already rapidly consolidating super system – even as it reverse the competitive outflow trend that has dogged profit-to-member super for years.
The shifting global economic landscape and its impact on currency markets are forcing asset owners to re-think the defensive portion of portfolios as traditional hedging techniques become less effective and new ones emerge. The Fiduciary Investors Symposium heard that for one fund that’s led to gold overtaking government bond allocations.
Fixed income investors are keeping a close eye on whether term premium on government bonds will increase further, as fiscal debt levels balloon across developed economies and questions mount around the demand and pricing of sovereign bonds.
AMP chief investment officer Anna Shelley thinks that “pervasive” macroeconomic and geopolitical changes will effect markets for years to come and fundamentally alter the investment landscape for asset owners. Speaking on the Investment Magazine CIO Series, Shelley argued that supply chain fragmentation, defence spending and the capital demands of AI are just some of … Read more
Australia’s second-largest retail superannuation fund, the $136 billion Colonial First State, has pulled together a multi-partner model do deliver integrated retirement income solutions to members. CFS Superannuation chief executive officer Kelly Power tells Retirement Magazine the fund has responded primarily to the needs of members and demands of advisers, rather than directly to regulatory pressure arising from the Retirement Income Covenant.
Treasury’s Best Practice Principles set a clear standard for what a retirement income solution should look like. A new implementation guide says an account-based pension alone does not meet it, and that funds still sitting on their hands are running out of time and excuses.
The new chief investment officer of the $230 billion Aware Super expects that the fund will be around for the next 100 years. To make sure it keeps delivering for members, he’s optimising the work already done to build its portfolio, thinking hard about the best way to access assets, and embracing the risk management lessons he first learned as a trader for Chemical Bank.
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Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.
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.
