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Cbus, MLC stand firm on US, home in on double-digit returns

Lucas Baird

Two of Australia’s largest superannuation funds have vowed to maintain their level of exposure to US markets, despite a more volatile and unpredictable White House, as they home in on double-digit returns for the financial year.

Industry super giant Cbus, which manages $100 billion in retirement savings for a customer base largely consisting of construction workers, made a return of 9 per cent on its default option over the past 12 months, securing an extra $14,770 for the average Australian’s nest egg.

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Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/cbus-mlc-stand-firm-on-us-home-in-on-double-digit-returns-20250625-p5ma3j