Super funds holding firm on equities in shakier markets

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While the biggest super player in Australia says it’s shedding exposure to equities, others are bumping up allocations or already underweight.

UniSuper said rather than being scared off by the recent dip in global equity markets, it had used it as a buying opportunity.“We have ample liquidity and have used the latest market weakness as an opportunity to top up some of our equity positions,” said UniSuper chief investment officer John Pearce.

Head of asset allocation at Australian Ethical John Woods says it makes sense to capture as much of the equity risk premium as possible. “We rely on the managers to manage in markets like this rather than move our assets around willy nilly,” Mr Livanas said. “The market views are really interesting and our perspective at the moment is about preparing for change and the need to prepare for change.”Ms Branton said the direction of central banks and monetary policy remains front of mind for most players, with CareSuper looking at is defensive positioning and allocation to real assets more closely.

 

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