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RBA rings alarm on high debt levels
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RBA rings alarm on high debt levels
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ASX to slip as Wall St dips, Fed statement on radar
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Week Ahead - All eyes on the Fed - MarketPulse
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Australia’s Second Largest Pension Fund Shelves Plan to Increase China Engagement
Australia’s second-largest superannuation fund, Aware Super, will no longer consider China as an investment destination in its upcoming overseas expansion due to concerns over its behaviour and market efficiency in the country.
Aware Super runs a $140 billion (US$109 billion) fund and is currently on track to grow the assets under its management to $200-300 billion (US$156-230 billion).
Aware Super’s Chief Investment Officer Damian Graham announced the news at a Bloomberg Inside Track webinar on Feb. 8 after noting that China’s authorities and markets have fallen short of the company’s expectations and pose a significant risk to minority shareholders.