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Aware Super cashes in on tech, healthcare bias to return 11pc

Industry superannuation fund Aware Super increased its customers’ $175 billion retirement savings pot by 11 per cent last financial year, as it cashed in on a heavier exposure to soaring technology and healthcare stocks than rivals.

Chief investment officer Damian Graham said he ramped up Aware’s allocation to international shares a couple of years ago and had a natural bias to growth stocks such as tech, which helped drive the above-average return.

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Hannah Wootton is a Rear Window columnist, based in Melbourne. Connect with Hannah on Twitter. Email Hannah at hannah.wootton@afr.com

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    Original URL: https://www.afr.com/wealth/superannuation/aware-super-cashes-in-on-tech-healthcare-bias-to-return-11pc-20240704-p5jr2f