POWERED BY MOMENTUM MEDIA
Look abroad for investment opportunities: Jones
Assistant Treasurer, Stephen Jones, has suggested superannuation funds invest in neighbouring countries like Singapore and Indonesia.
The volume of assets in super was expected to grow from $3.4 trillion currently to $5 trillion over the term of the current Government.
This needed to be invested in other areas than Australian equities, Jones said, and super funds were already taking action by investing in renewable energy and infrastructure.
However, another option would be investing in countries near to Australia such as Indonesia and Singapore.
This would allow funds to align national interests with the best interest of super fund members.
“But in our near region we’ve got the pension funds of other countries investing in Indonesia, in Singapore, in the Pacific whilst Australian pension funds are relatively absent. So, it must strike us as a little bit strange – it certainly does our neighbours – to know that we’ve got the Canadian pension funds who are more deeply invested in Indonesia or Malaysia than they are – than Australian pension funds are.
“So, what the government of Australia is saying, what the Albanese Labor government is saying is let’s get our heads above the desk and look abroad.”
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Recommended for you
The Australian Retirement Trust is adopting a “healthy level of conservatism” towards the US as the end of the 90-day tariff pause approaches, with “anything possible”.
Uncertainty around tariffs and subdued growth may lead to some short-term constraints in relation to the private credit market, the fund manager has said.
Just three active asset managers are expected to attract net inflows over the coming year, according to Morningstar, with those specialising in fixed income or private markets best positioned to benefit.
Taking a purely passive investment approach is leaving many investors at risk of heightened valuation risks, Allan Gray and Orbis Investments have cautioned.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
