The super fund delivered 10.7% to members sitting in its default MySuper Lifecycle option, with investment chief Damian Graham saying a pivot away from certain unlisted asset sectors proved the right call.
Fund CIOs say private assets offer diversification and performance benefits, amid predictions the ASX is on track to shrink for the first time since 2005.
The investment chiefs of some of Australia’s biggest super funds say they are only expecting single-digit returns from the domestic share market over the next decade.