Australian funds struggle to invest huge sums

The following article first appeared in AsianInvestor magazine, March 2007.For three years running, AustraliaÆs retirement funds have clocked up double-digit gains. In 2006 the median gain for the 50 largest funds was 13.6% thanks largely to record dividend payouts and a rash of leveraged buyouts that pushed up the local stock market. Buoyant global markets helped too, particularly in December, when super funds added 2.1% in one month alone.Aussie funds have a high proportion of their…