Aussie supers face equities overexposure
As Australia’s first generation of compulsory savers gets ready to retire, the country’s superannuation funds have a surprisingly heavy allocation to stocks, finds Towers Watson.
Australia’s superannuation funds produced high-teen returns in equities and close to double-digit returns in bonds last year, as the industry’s assets grew to 101% of gross domestic product or $1.6 trillion, finds a new study by consulting firm Towers Watson.
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