Infrastructure to lure super funds offshore: NAB
Australian super funds are reaching a tipping point where more than half of their assets are invested offshore, further increasing the importance of their foreign currency exposures to returns.
A survey of 54 super funds with more than $1.8 trillion of assets conducted by the National Australia Bank revealed that super funds of all sizes had accelerated the shift towards offshore assets as they continued to grow, with the weighting to foreign investments reaching 46. 8 per cent from 41 per cent two years ago.
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