Why Australia’s top super funds are Jakarta-bound

With $140 billion flowing in each year, Australia’s super funds are increasingly looking offshore for investments. Suddenly, Indonesia with 280 million people and a fired-up economy, is on the radar.

Emma ConnorsSenior editor and writer

Aug 19, 2022 – 11.28am

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Singapore/Jakarta | On Sunday night, a plane carrying fund managers responsible for a good chunk of Australia’s $3.4 trillion in superannuation savings will land in Jakarta, seeking places to park some money.

Australia’s super pile is growing so fast, funds are increasingly looking offshore for returns. To date, relatively little has gone to Indonesia. If this changes, it will be due in part to a reform process set in play by Indonesian President Joko Widodo, with the freshly minted Indonesian Investment Authority (INA) playing a leading role.

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Emma ConnorsSenior editor and writerEmma Connors was South-east Asia correspondent from October 2019 until mid-2023, based in Jakarta and Singapore. She has previously edited Perspective and Opinion and has written extensively across the AFR and related titles.