NewsBite

‘Very challenged’: Why this fund has much less property than rivals

Updated

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

The chief investment officer of Australia’s biggest super fund has a “negative outlook for property”, with his fund holding a smaller portion of unlisted assets in the historically popular sector than other industry funds.

“The impact of higher interest rates on valuations across all sectors and the ongoing structural headwinds from ‘work from home’ for offices and online retail mean the outlook for the asset class, in our view, remains very challenged,” AustralianSuper CIO Mark Delaney said.

Loading...
Hannah Wootton is a reporter for the Financial Review. Connect with Hannah on Twitter. Email Hannah at hannah.wootton@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Tax & super

Fetching latest articles

Most Viewed In Policy

    Original URL: https://www.afr.com/policy/tax-and-super/super-funds-brace-for-commercial-property-downturn-20230409-p5cz4w