AustralianSuper Desires to Have 50% of Assets In-House by June 2021
Posted on 11/27/2019
AustralianSuper revealed plans to have 50% of its total assets to be managed internally by June 2021.
AustralianSuper is expected to grow to A$ 300 billion over the next five years. At fiscal year 2017-2018, 31% of fund assets were managed internally, while in fiscal year 2018-2018, that proportion increased to 40%. The reason for the change is to pass on savings to members. AustralianSuper’s recent shift to internally-managed assets is from the transition of the active Australian equities portfolio to the internal investment team.