Australian super funds steer clear of China

Australian pension and superannuation funds are accumulating funds at a blistering rate -- contributions are rising by 9% a year -- and they need somewhere to put the money, says Jason Ng, head of the Asia-Pacific funds group at law firm Baker & McKenzie in Hong Kong. Still, they don't seem as eager as large institutional investors in Europe or the US to take the plunge into China and other emerging Asian markets, he says. "Australia is the fourth largest pension pool in the world…