Australian $100 billion pension fund says active in Japan, neutral on China

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SYDNEY : Australia's third largest pension fund will stay active in Japanese markets in the coming months and is neutral about China despite growing investor aversion to the country's markets, a senior executive said on Tuesday. The A$160 billion ($104 billion) Aware Super made 'good money' recently due t

SYDNEY : Australia's third largest pension fund will stay active in Japanese markets in the coming months and is neutral about China despite growing investor aversion to the country's markets, a senior executive said on Tuesday.

Aware Super's allocation to Japanese stocks via its equity investment managers is currently"about market weight," Winchester added. Projected to grow to A$250 billion by 2026, Aware Super is among the homegrown pension giants outgrowing Australia and increasingly looking overseas to deploy capital. Aware is on track to open its first office in London later this year, Winchester said.

 

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