POWERED BY MOMENTUM MEDIA
Superannuation funds should look to innovation: Peter Beattie
Former Queensland Premier Peter Beattie has urged Australian superannuation funds to consider investing in innovation via appropriate models.
Addressing the Conference of Major Super Funds in Brisbane, Beattie outlined the success enjoyed by the Medical Research Commercialisation Fund (MRCF) and the involvement of two superannuation funds in the underlying model.
He said he believed the MRCF model provided a model that was unique and worth following.
Beattie said this was particularly the case when Australia spent more than $1 billion on research and development, but a fraction of that on commercialisation.
He said he believed Australia should develop a pool of funds for commercialising its research ideas and that superannuation funds should support the establishment of that pool of funds.
AUTHOR
Mike Taylor
Recommended for you
The central bank has announced its latest rate decision amid stubborn inflation and increasing geopolitical tension.
Aware Super has outlined its systematic approach to corporate engagement as institutional investors increasingly assert their influence on company boards and take on an active stewardship role.
The country’s second-largest super fund has completed its fourth SFT this past financial year and welcomes almost 5,000 new members.
The corporate fund has announced it is seeking a suitable merger partner as the number of corporate super funds in Australia continues to dwindle.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
59.27 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
32.82 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
32.44 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.01 3 y p.a(%)
Add new comment