According to economists, interest rates are unlikely to rise again despite stronger-than-expected inflation data that has made Australia an outlier among the G10.
It has announced returns of more than 16 per cent across its growth and global index options.
The corporate fund says that recent changes to its Lifecycle MySuper arrangement have paid off.
UniSuper’s chief investment officer has argued against a rate hike, telling Super Review the RBA can “take the year off” in what he terms a “normal for longer” environment.
The fund has credited the performance of US technology stocks, including Nvidia, for its latest annual result.
The $85 billion fund said it’s seeking to benefit from lending opportunities in the property sector.
While funds acknowledge that there are asset-specific opportunities domestically, they concede that the narrowing prospects on the ASX have driven them to seek and deploy capital in other lucrative markets.
The Japanese and Indian markets have helped boost UniSuper’s annual return for the financial year 2023–24.
AMP has announced the newly created head of retirement solutions position in its platforms business.
With expectations rising for a robust IPO market as 2025 approaches, sectors like industrials, mining, and consumer discretionary are poised to lead the charge.