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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."
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