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Another fund looks to alternatives for diversification
Club Super is the latest industry fund to consider alternatives in its strategic asset allocation, making way for the asset class in its growth investment option.
It said adding alternatives to the mix would allow greater diversification for members in that investment option, with private equity, hedge funds and infrastructure considered in place of shares, property, fixed interest and cash.
The alteration allows Club Super the flexibility to invest up to 15 per cent of the portfolio in alternatives.
Additionally, the fund has been authorised to offer its balanced options as a MySuper product, which it plans to launch in September.
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