AustralianSuper, Aware Super and Cbus continue to be optimistic about equity returns after posting their best performance in decades, even as half of Australia goes under lockdown.
The most recent crackdown on the Chinese ride-hailing firm has investors speculating on who’s next. Experts say short-term pullback on US-based listings can be expected.
The Korean sovereign wealth fund cut growth stocks in the technology, media and telecom sector in favour of bluechips, and is looking to Europe as the US-China spat deepens.
AustralianSuper posted a record 20.4% return for the past 12 months; Consortium including Future Fund acquires 49% stake in Telstra InfraCo Towers; AIA acquires stake in life insurance arm of the China Post Group; GPIF posts record return of 25.15%; Chikyoren hires Barings and Mitsui Real Estate Investment Advisors for property and private debt; and more.
Taiwan's largest pension is taking a conservative approach in the current Covid climate, announcing fewer new mandates and potentially delaying renewals to maturing ones.
The Australian fund, formerly known as Local Government Super, is drawn to share markets but does not plan add alternative assets because of liquidity constraints and fee pressures.