The pandemic underlines the benefits of a TPA model, said executives from Australia’s Cbus and Future Fund and insurer Prudential at a webinar hosted by AsianInvestor and SimCorp.
Superannuation funds tell AsianInvestor how they are dealing with the uncertainty in investment markets as pension scheme members seek to withdraw funds.
The Australian sovereign fund remains cautious but is positioned for buying opportunities as its diversified strategy shows its worth.
The new portfolio, which can help to lift returns, distinguishes itself from the Future Fund's placements with the Exchange Fund's long-term growth portfolio.
A period of looming inertia as the sovereign wealth fund seeks a new leader could raise pressure on the government to draw down on some of its assets.
It may be too soon to assess the likely effect of the Wuhan coronavirus outbreak, but investors are taking risk off the table in the short term while they hope for a swift recovery.