Australia’s ‘greenest’ fund stumbles on Trump climate fears
The nation’s ‘greenest’ super fund, run by the $140bn UniSuper, was one of the industry’s worst performers in 2024, despite a hefty allocation to listed equities.
The nation’s ‘greenest’ super fund, run by the $140bn UniSuper, was one of the industry’s worst performers in 2024, despite a hefty allocation to listed equities.
The sharemarket is expected to rise on Monday but the rest of the week could be volatile as markets wait to see incoming president Donald Trump’s executive orders.
Bendigo Bank, AMP and Coles are among those ramping up the work from the office mandates this year.
The nation’s second-largest super fund sees a better return outlook for real assets following equities’ strong performance.
Super funds delivered bumper returns in 2024, with the best of the lot a retail fund focusing on younger members. See the top 10 performers.
BOQ is the latest to be exposed for charging fees against the accounts of dead customers and now it will be up to regulators such as ASIC to decide whether a financial penalty is warranted.
The Australian dollar hovering near five-year lows makes Australia look even more attractive to private equity firms hunting for bargains, fund managers say.
The investment firm has lobbed a sweetened $4.30 per share offer for Insignia Financial, matching the bid from rival CC Capital but with an added incentive.
Top super funds have delivered their third best returns of the past decade but don’t expect a repeat performance this year, the sector’s investors say.
Super funds are on track for strong returns for the year but some of the best long-term outperformers have been overshadowed by more aggressive growth funds.
Original URL: https://www.theaustralian.com.au/author/cliona-odowd/page/9