AustralianSuper among largest asset owners globally

Super fund AustralianSuper has risen to be recognised as one of the top 50 largest asset owners in the world, with US$129,095 ($176,480) in assets.  

This position of 43rd was a rise from 53rd in the survey last year, in the Asset Owner 100 research conducted by the Thinking Ahead Institute.  

Pension funds were the biggest group of asset owners overall and accounted for 60% of the US$20 trillion in assets.  

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TCorp and First State Super were the other two Australian super funds to make the list with US$74,728 in assets and US$71,972 respectively, putting them in 85th and 90th place. 

Australian asset owners in the AO100 (in US$ million)

 

2020 

Rank 

2019 

Rank 

Fund 

Total Assets 

Primary category 

43 

53 

AustralianSuper 

 

$129,095 

Pension fund 

57 

48 

Future Fund (1) 

 

$99,800 

Sovereign wealth fund 

85 

89 

TCorp 

 

$74,728 

Pension fund 

89 

76 

Nulis Nominees (Australia) Limited (6)  

$72,200 

OCIO  

90 

91 

First State Super (now Aware Super) 

$71,972 

Pension fund 

98 

90 

BT Funds Management Limited (2) 

$65,193  

OCIO 

 

(1) As of June 30, 2020 

(2) As of March 31, 2020 

(6) As of June 30, 2019 

The research found those companies in the A0100 were becoming more prominent with their environmental, social and governance (ESG) principles and aiming for more real-world impact with their investments than before.  

This included factoring in member views, reporting on the impact of their investments, adopting new benchmarks and reducing carbon emissions. 

Jessica Melville, head of strategic advisory, investments at Willis Towers Watson Australia, said: “Governance is improving but has historically lagged other financial services organisations; we suggest that there are up to 20 very large asset owners globally that are well-governed, with effective cultures, providing leadership for others as a considerable force for change.  

“The business of model of asset owners is evolving, and we can expect further saver and investor protection regulations. This leads to a very confusing picture, at least in the short-term.” 

 

 

 




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