Financials and healthcare have been spotted as promising sectors, while several tech IPOs are on the way, including a $2.2 billion fintech firm and a GIC-backed e-commerce startup.
The fund's 29.6% returns marked its best ever and exceeded its reference portfolio, which has 80% allocated to equities, by 1.73%.
Changing demographics, rising salaries and a generalised change in the wealth landscape is driving the fast pension fund asset growth
Insto roundup: Australia's Future Fund announces new investment strategy; China to set up third stock exchange
Australia's Future Fund develops new investment strategy; Aware Super looking for buyers for agribusiness portfolio; China to launch third stock exchange for small and medium businesses, and crackdown on mismanaged private funds; Kotec to hire asset manager for $130 million domestic bond mandate; Malaysia's EPF makes two senior appointments; SGX allows Spac listings; and more
SSF aims to use record results to allocate more to A-shares.
The valuation gap and earnings growth potential pose opportunities in European equities, particularly in cyclical industrials and ESG themes.