The planned merger between hospitality-based super fund Hostplus and South Australia-based Statewide catapults a fund with one of the industry's most attractive net flow profiles into the ten largest in the country.
After recent mergers and if further planned mergers proceed, Australia’s superannuation landscape will consolidate to 12 funds with assets under management of more than $50 billion each, the data shows.
It’s all well and good to say super is all about accumulation of funds for members during their working lives but according to AustralianSuper Chair Donald Russell funds also have a responsibility to provide advice.
The Australian Catholic CIO used all his discretion to maintain an underweight position in risk assets before recommending a deployment of cash into equities and credit in what turned out to be the most valuable superannuation fund trade of 2020, Matthew Smith writes.
The top 10 most read Investment Magazine stories for 2020 paint a picture of adaption in a crisis, creative thinking in dislocated uncertain financial markets, testing of business models and continuing consolidation amid a shrinking number of funds responsible for an increasing pool of assets.
Traditional fixed income sleeves will take an entirely different shape in the post-pandemic era, with the allocation of negative bond yields and cash investments hard to justify in portfolios according to Sunsuper head of asset allocation Andrew Fisher.