One of Australia’s largest industry super funds, Rest, has invested $1 billion in green data centres via renewable and clean energy infrastructure manager Quinbrook Infrastructure Partners, committing to further the sustainable digitisation progress.
Mark Delaney, chief investment officer of mega-fund AustralianSuper, thinks the current media and market narrative around China’s supposed structural decline is “too pessimistic”. At the fund’s annual meeting on Tuesday, he told his members why China will “do a bit better than people anticipate” and portfolio managers shouldn’t write off the emerging market just yet.
Coredata Research has appointed Dean Thomas as CEO of CoreData APAC.
Investors who think the world can get to net zero by not funding high emitters are not seeing the full story, according to sustainable index leader, Frank Wirds, at the $297 billion asset manager Robeco. During a keynote speech at the Fiduciary Investors Symposium, he said companies with high carbon footprints are a “part of the solution, not only the problem”.
The Financial Advice Association Australia (FAAA) has announced the 2023 winners of the inaugural FAAA Awards across six professional categories.
Political journalist and industry association leader Misha Schubert has been named as the first ever CEO of the Super Members Council of Australia, which was formed by the merger of AIST and Industry Super Australia.
Industry super funds are under immense pressure to rethink their traditional low-cost operating model as their loyal members now demand significantly more service – and the government and regulators are prepared to wield a big stick.
Australia’s total superannuation assets have increased 8.5 per cent year on year to $3.56 trillion in September 2023, according to the latest quarterly figures from the Australian Prudential Regulation Authority (APRA).
Investment manager Acadian Asset Management has released a new paper, identifying the differentiation of strategies that improve risk-adjusted performance from those that simply amplify active risk as one of the biggest challenges for professional investors.
Colonial First State (CFS) has introduced a new technology to its FirstChoice platform, aiming to reduce set-up time for new and existing accounts via integration with wealth management software Xplan and existing client data.
Investors are forecasting bond returns to remain strong over the next year amid high interest rates and the prospect of rate cuts by central banks but are also gearing up for volatility due to deteriorating credit quality and the rising risk of defaults.
The return of median superannuation growth funds (invested 61 to 80 per cent in growth assets) fell 1.5 per cent in October, according to fund research group Chant West.
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