A strategy of lesser diversification has served superannuation funds in Australia well until now, but the economic climate is changing. Our data and first-hand conversations with industry experts suggest that Australian superannuation funds are already starting out on a path of greater diversification, one that may include increased investment overseas.
- Superannuation funds make up 40% of Australia-based investors
- Since the GFC, they have followed a strategy of lesser diversification
- Our data shows a heavy bias towards domestic investing and an overreliance on China
- Consultants forecast that superannuation funds will shift their focus overseas: “going global is a necessity”