Business
‘Look for alpha’: Hume fires warning shot at index-hugging super funds – The Australian Financial Review
The Morrison government has rejected industry fears that its performance ranking regime will prompt funds to abandon lucrative infrastructure and property investments….
Super funds should continue to invest in illiquid assets, private equity and venture capital under the new regime, she said, pouring cold water over fears the budget measure could see the flow of money from super funds to early-stage technology companies and job-creating infrastructure projects dry up.
By contrast, any trustee that does seek to increase exposure to passive investments in a bid to avoid being branded as an underperformer would be exposed by the government’s incoming online comparison…
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