Offshore is becoming attractive for funds willing to look outside the traditional staples of the asset class as long as they have the right team picking the right assets, a panel of consultants has discussed.
Members might end up being stranded in funds that become undesirable to potential suitors because they have a chance of underperforming over multiple years or hold poor preforming assets relative to a listed benchmark, new research shows.
Investors need to collaborate for systemic change, a discussion involving asset owners and sustainability experts has highlighted. Investors need to work with government, enshrine beliefs and educate beneficiaries on the importance of sustainability.
Australia's superannuation industry won’t be divesting from fossil fuels anytime soon. Instead, funds including Cbus and First State Super are reviewing investment strategies that transition to a low-carbon economy.
As a record amount of money chases private equity deals and pushes prices higher, two of Australia’s largest super funds are limiting their exposure to around 5 per cent, preferring publicly-listed companies instead.