POWERED BY MOMENTUM MEDIA
Superannuation fund allocations to property set to increase: Charter Hall
Superannuation funds are set to increase their exposure to property as investment markets continue to recover, according to Charter Hall head of research Chris Freeman.
The superannuation industry hasn't been a big player in the sector since the global financial crisis, but Charter Hall expect that to pick up once markets recover, said Freeman.
He added superannuation funds grew to $180 billion a year between 2004 and 2007 and based on a 10 per cent allocation to property, they need to find about $18 billion worth of property a year.
"Pressure is starting to build again slightly. In the longer term once the super funds start to post stronger returns they're actual assets grow they're going to need to portion more to property," he said.
Richard Stacker, Charter Hall's chief executive said self-managed superannuation funds currently account for 70-80 per cent, but he expected the super industry to invest more heavily in property once the Government enforced the compulsory superannuation hike from 9 to 12 per cent.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Infrastructure well-positioned to hedge against global uncertainty, says investment chief.
The fund manager remains positive on the outlook for gold and believes ongoing market volatility will provide opportunities to acquire small-cap stocks in promising sectors.
T. Rowe Price Group VP said investment strategies must adapt to an ageing population, as Australians outlive their retirement savings.
The international asset manager expects AI will reach a point in the near future where it can autonomously manage investments within certain parameters set by fund managers.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
