Super’s $300b gorilla reveals the one asset class he’s buying
Mark Delaney has run AustralianSuper’s investment portfolio since it had $3 billion. Now it has $300 billion. This is what he expects in the year ahead.
Bonds are back at Australia’s biggest superannuation fund as it battens down the hatches for what it expects will be tougher economic times in the year ahead.
Mark Delaney, AustralianSuper chief investment officer for nearly 20 years, says 18 per cent of his members’ $300 billion is in bonds, which is 70 per cent more than this time last year.
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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
