The gatekeepers of Australia’s $3.3 trillion retirement savings pot are reducing their bets on risky growth assets, investing more in bonds and commodities, and boosting their cash buffers as they warn the worst may not be over for sharemarkets.
“W expect a change of leadership to happen in the top 10 companies by size by 2030,” Andrew Lill, chief investment officer at Rest, said. Natalie Boog
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Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
