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Super

12 December 2024 • By Maja Garaca Djurdjevic • 1 min read

AMP says bitcoin ‘too big’ to ignore, confirms modest allocation

AMP has made its first foray into bitcoin, confirming a modest allocation to the cryptocurrency, according to its senior portfolio manager

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Industry funds boost equity allocations while infrastructure investment dips

Industry super funds have upped their allocation to equities over the last six months. Compared to how funds were allocated to March this year, ...

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This fund is on track for $500bn by 2030, according to Morningstar

The country’s second largest fund has a strong enough investment team to warrant continued conviction, a research house has said. Australian ...

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Australian funds fail to hold gas giants accountable on climate action: Market Forces

New analysis has revealed that Australia’s largest super funds are “failing to use the power afforded to them” to rein in oil and gas expansion plans

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Swan defends competency of Cbus directors in Senate appearance

The Cbus chair has maintained the fund’s directors satisfy necessary fit and proper tests, while also defending the board nominations made by the ...

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Objective of super now in ‘ironclad law’: Industry reacts

A decade in the making, industry bodies have praised the passage of the objective of super on Thursday. In a dramatic final day of Parliament, the ...

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ART partners with property fund on $585m healthcare and life sciences hub

The Australian Retirement Trust (ART) and property fund manager ISPT have secured a 99-year lease with St John’s College within the University of ...

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Super industry hits $4tn milestone

The local super industry now commands more than $4 trillion in assets, boosted by impressive quarterly returns. The Australian Prudential ...

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Is Division 296 doomed before year-end?

InvestorDaily understands the Division 296 legislation could be on the chopping block, with Labor said to be struggling to secure support ahead of the ...

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Future Fund chair defends mandate, rebuts criticism as ‘factually incorrect’

The chair of the Future Fund has slammed critics of the sovereign wealth fund’s new mandate as “factually incorrect”. “The Board of Guardians ...

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