VicSuper will tackle property in the next stage of its strategic investment review.
Chief investment officer Oscar Fabian said it would bring all the fund's real assets including timberland, property and infrastructure under the one banner to manage as a single group.
He said VicSuper was deciding if it should foray into listed property and rethinking approaches to local and global property as part of the review, which positions its investment strategy as core/satellite in partnership with its investment consultant Frontier.
The need had arisen as many of the fund's property trusts wound down, Fabian said.
VicSuper will look to review its infrastructure allocations next before setting its sights on private equity and conducting a cost-benefit analysis on the viability of launching sector-only funds, following the launch of its ASX option.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
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