The country’s biggest super fund has ended the 2022 financial year with a negative return of 2.7 per cent. But its assets have ballooned to $261 billion, a third of which is now in unlisted assets.
A sterling performance from its unlisted assets in the 2022 financial year has encouraged AustralianSuper to crank up its unlisted exposure to almost a third of the $261 billion fund.
This market-leading allocation to unlisted assets, which include infrastructure, private equity and direct property, means the returns delivered to AustralianSuper’s 2.7 million members are “smoothed” by independent valuations.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
