Investors should prepare for a swift change in the bond market cycle as US rates finally rise on the back of strong US labour market figures for employment and wages growth, according to one of the world’s leading fixed income investors. Jeffrey Rosenberg, chief investment strategist for Black Rock (pictured), said volatility would not be … Read more
Media Super has invested $60 million into local film and television production, doubling its previous allocation of $30 million. This move continues a growing trend among super funds to seek to invest in industries aligned with their membership: NGS Super has been exploring funding preschools; Cbus has been looking into affordable housing; and HESTA has … Read more
The Paris Climate Conference will be highly significant to institutional investors, not necessarily because of submitted targets, but because of a new regulatory framework to address the issue, according to LGS Super. There’s a target of limiting the global temperature increase to 2 degrees Celsius above pre-industrial temperatures, but the current trajectory means the increase … Read more
Scott Tully, chief investment officer of Colonial First State, explains the logic of his default fund’s lifecycle approach to Investment Magazine. Two years ago, Colonial First State introduced the lifecycle portfolio in response to MySuper requiring super funds to offer a single default option for all members. Scott Tully, chief investment officer at Colonial First State, defines … Read more
The chief investment officer of AustralianSuper gave delegates at the Fiduciary Investors Symposium an insight into how he diversifies his fund’s portfolio, Mark Delaney’s advice came with the caveat that no process of diversification could ever be perfected. “You cannot solve for uncertainty by adding more precision, it is elusive,” he told delegates. “You need … Read more
Funds managing assets in-house should report to their members on how these assets have performed versus properly constructed market based benchmarks, according to an advisor at PwC. David St. John, urged an audience of 37 institutional investors to raise their standards of reporting voluntarily, but said that if this did not happen then regulatory intervention … Read more
Investors’ perceptions of China are not keeping up with the facts, according to leading economist and a keen observer of the world’s second largest economy. Olga Bitel, the Chicago-based economist at William Blair, contests the accuracy of widespread gloomier economic forecasts for China, particularly in light of bad loans and the decline in purchases of … Read more
Defensive assets should be determined on an individual asset basis, rather than on an asset class level, delegates heard at the Conexus Financial Fiduciary Investors Symposium. Paul Caskey, chief investment officer of the South Australian work injury insurance scheme ReturnToWorkSA, presented a new formula for helping to determine which funds could be included in the … Read more
With the superannuation system projected to reach 200 per cent of GDP in the next 20 years capital will increasingly flow out of the country as super funds seek investment opportunities overseas, according to Deloitte. From a macroeconomic perspective this will compound the problems brought about by an ageing population, particularly as the old-age support … Read more
Analysis of QSuper’s membership data has provided evidence that the Association of Superannuation Funds of Australia’s (ASFA) benchmark of how much money people need for a comfortable retirement is not unreasonable. According to Dr Helen Johnson, data scientist at QSuper, the actual amounts people draw in retirement from account-based pensions are around the ASFA comfortable … Read more
The UN-backed Principles for Responsible Investment (PRI) is considering a seventh principle that will focus on broad financial system systemic risks. The six principles were written before the global financial crisis and are focused on environmental, social and governance (ESG) integration. Now, a decade after their creation, consideration of systemic risks is on the agenda and … Read more
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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.
