Latest news with #ColonialFirstState
Bloomberg
5 days ago
- Business
- Bloomberg
Australian Pension Funds Shift Focus From US
Good morning, it's Angus here in Sydney. Here's what you need to know this Tuesday. Today's must-reads: • Super funds look beyond the US • Central banks' rate decisions loom • Mushroom murder guilty verdict The top funds in Australia's A$4.1 trillion ($2.7 trillion) pension industry are eyeing opportunities beyond the US, saying stock valuations there look stretched and President Donald Trump's policies are increasing volatility. AustralianSuper has ended its overweight position in global equities, of which US shares make up the largest proportion. Colonial First State has tilted toward emerging markets.
Bloomberg
5 days ago
- Business
- Bloomberg
Australia Pensions in $2.7 Trillion Industry Shift Focus From US
The top funds in Australia's A$4.1 trillion ($2.7 trillion) pension industry are eyeing opportunities beyond the US, saying stock valuations there look stretched and President Donald Trump's policies are increasing volatility. AustralianSuper, the nation's largest pension fund, has ended its overweight position in global equities, of which US shares make up the largest proportion, citing the geopolitical uncertainties caused by Trump's changes. Colonial First State has tilted its portfolio toward emerging markets given its desire to diversify away from US equities, which it considers are expensive.
Bloomberg
04-03-2025
- Business
- Bloomberg
Australian Pension Fund CFS Seeks More Private US Investments
Colonial First State, one of Australia's largest pension and wealth managers, is seeking to increase its A$28 billion ($17 billion) investment in US assets as the industry ramps up its growing offshore exposure. Kelly Power, CEO of Superannuation at the pension fund, speaks with Haidi Stroud-Watts on "The Asia Trade" (Source: Bloomberg)
