Australia’s biggest super funds are predicting their equity portfolios will deliver returns of 7-9 per cent over the next 10 years in a more conservative stance than the previous decade, as they focus on companies with stable and resilient earnings amid ongoing market volatility.

Technology stocks will continue a stellar 2023 to drive a significant portion of the next decade’s equity market returns thanks to the rise of artificial intelligence, funds’ investment chiefs said, and the energy transition and ageing population would also help returns.