VicSuper flags property in strategic review
VicSuper will tackle property in the next stage of its strategic investment review.
Chief investment officer Oscar Fabian said it would bring all the fund's real assets including timberland, property and infrastructure under the one banner to manage as a single group.
He said VicSuper was deciding if it should foray into listed property and rethinking approaches to local and global property as part of the review, which positions its investment strategy as core/satellite in partnership with its investment consultant Frontier.
The need had arisen as many of the fund's property trusts wound down, Fabian said.
VicSuper will look to review its infrastructure allocations next before setting its sights on private equity and conducting a cost-benefit analysis on the viability of launching sector-only funds, following the launch of its ASX option.
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
Australia’s largest super funds have deepened private markets exposure, scaled internal investment capability, and balanced liquidity as competition and consolidation intensify.
The ATO has revealed nearly $19 billion in lost and unclaimed super, urging over 7 million Australians to reclaim their savings.
The industry super fund has launched a new digital experience designed to make retirement preparation simpler and more personalised for its members.
A hold in the cash rate during the upcoming November monetary policy meeting appears to now be a certainty off the back of skyrocketing inflation during the September quarter.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
225.31 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
120.73 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
61.94 3 y p.a(%)
