Tech saved AustralianSuper despite worst result in a decade
AustralianSuper chief investment officer Mark Delaney says there are lessons for retail investors from the way $180 billion AustralianSuper handled the coronavirus crisis in markets.
Tech stocks listed in the United States saved AustralianSuper's balanced option from a negative return in the year to June but it will go down as the worst performance in a decade.
The positive 0.52 per cent return for 2020 is the worst performance by the balanced option since the global financial crisis.
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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
