POWERED BY MOMENTUM MEDIA
Australian owned infrastructure and property attractive for super funds
LGIAsuper has committed to continued investments in Australian-owned private infrastructure and property assets which remain attractive due as they offer investors ability to look beyond the short term and ultimately generate higher returns.
The super fund, which has around $24 billion in member savings under management, said some of its key infrastructure investments included the nation’s busiest airports and land which is home to the theme parks.
LGIAsuper and Energy Super deputy chief investments officer, Kevin Wan Lum said: “We invest in Australia and other markets privately in assets which are not available to invest via share markets, along with providing some further diversification of risk and returns.
“Good examples of these types of investments in Australia include infrastructure including airports such as Sunshine Coast, Gold Coast and Perth Airport, major seaports such as ports in Brisbane, Melbourne and Portland along with large office and shopping centre investments across the eastern seaboard.”
LGIAsuper/Energy Super also had private investments in Australian businesses such as Flavorite, Affinity Education, and Stone Axe Pastoral.
Additionally, LGIAsuper said it was working on the next stage in its growth – the acquisition of Suncorp’s superannuation business, Suncorp Portfolio Services Limited (SPSL). This was due to be completed in the first half of 2022.
The combined funds would have about 250,000 members and around $30 billion under management.
Recommended for you
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
73.88 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment