There are very different ways to make 10 per cent a year. We compare Canada and Australia’s third-biggest super funds, with a combined $470 billion in assets.
We hear plenty about how lucky Australia is to have its $3.9 trillion superannuation sector, but when it comes down to how those funds are invested, the envy of the world is Canada.
Over the past three decades, Canada’s big public pension funds have pioneered the large-scale, global and diversified investment of retirement benefits, building big in-house investment teams that can mix it with the top asset managers in most major asset classes globally. The Canadians are the benchmark.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
