AustralianSuper jumps record 20.4% for fiscal 2021
AustralianSuper announced a 20.4% increase in returns for fiscal 2021, posting the biggest returns in the fund’s history after market rally last year, the pension fund said on Monday.
Australia’s largest pension fund reached around A $ 225 billion (US $ 169.48 billion) in assets at the end of June. With annualized returns of 9.49% over the past 10 years, AustralianSuper is also among the top distributors in the country.
The institutional investor will continue to focus on growth assets in the portfolio, according to Australian Super Chief Investment Officer Mark Delaney. The allocator has traditionally kept a greater allocation to growth assets in listed equities and private equity.
âAustralianSuper is a long-term investor and we have a growth-friendly position in asset allocation,â Delaney said in a statement.
Going forward, the fund will also seek opportunities in investments in infrastructure, private equity, and real estate and credit assets, he said.
The allocator has outperformed the benchmark over the life of the fund. AustralianSuper returned 9.6% for its three-year return; about 10.4% for its five-year return; about 9.7% over the past 10 years; and about 7.5% over the past 15 years.
In addition, AustralianSuper has also made an investment of A $ 774 million (US $ 583 million) in Moorebank Logistics Park, a major logistics facility in the country. Going forward, AustralianSuper expects the property to serve Port Botany, a deepwater seaport in Sydney in which the pension fund has a 20% stake.
The asset owner made the investment as part of a consortium of investors comprising logistics specialist LOGOS, as well as French insurance company AXA, Canadian real estate company IvanhoÃ© Cambridge and service company Australian financiers TCorp (NSW Treasury Corporation).
About A $ 10 billion (US $ 7.5 billion) of the fund’s money is invested in real estate assets, which is an allocation the pension fund plans to increase, said Australian manager Bevan Towning. of real estate, in a press release.
AustralianSuper has already invested with LOGOS to make real estate investments. In 2019, the allocator joined the logistics specialist for an investment in Wiri Logistics Estate in New Zealand.
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