Australian super funds invest in overseas assets due to ASX equities shortage and IPO drought.
Australian super funds, facing a shortage of ASX equities due to increased demand and an IPO drought, are increasingly investing in overseas assets to meet their return targets. The $3.5 trillion superannuation industry is outpacing the economy. Macquarie's report highlights the shortage of ASX equities, which will worsen when the super guarantee levy increases to 12% in 2026.
June 23, 2024
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