Super industry to influence markets
Australia’s $2.8 trillion superannuation industry is starting to grow its influence over global markets as volatility becomes the new norm, a plenary looks to discuss.
Speaking at the Financial Services Council’s (FSC’s) 2019 Summit next week, Industry Super Australia chair Greg Combet will discuss the effect the industry has on the national economy and markets.
Combet has previously to the AFR stated that given the rapid growth of the industry, investing more money offshore was inevitable.
"We've got to look for opportunities in international markets and that's what Garry Weaven has been leading for some time," Combet said. "I'd be looking to continue that. It's an imperative given the scale of the superannuation system."
Recommended for you
Superannuation industry bodies have warned the prudential regulator that some of the more rigid proposals in its Governa...
IFM has firmly opposed any push for publicly disclosing current valuations of private market assets, saying it would “damage the financial interests of investors” and reduce appetite for infrastructure and private business investment.
Subdued GDP figures have bolstered expectations that the RBA could cut rates sooner and, possibly more aggressively, market watchers say.
Australian institutional investors plan to keep their finger on the pulse of private markets, new data has shown, with local investors aiming to further expand allocations into the sector.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
215.17 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
118.15 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
75.00 3 y p.a(%)
4
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
61.11 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
60.93 3 y p.a(%)
