Superannuation fund CEOs say their funds can still meet their ambitious objectives of beating inflation by 3-4 per cent even as soaring interest rates bite returns across the market, and that they might discover new investment opportunities as previously expensive asset classes cheapen.
UniSuper CEO Peter Chun said there were no “potential challenges” to his fund meeting the targets. Aware Super CEO Deanne Stewart pointed to the industry’s embrace of inflation-linked alternative assets, and AustralianSuper CEO Paul Schroder highlighted his fund’s defensive shift to fixed-interest assets as justification for their confidence.
