Reported 12 months ago
AustralianSuper, the largest pension fund in Australia, is increasing its investments in equities, particularly in tech stocks, due to expectations of further gains driven by artificial intelligence. The fund has allocated more money to global and domestic equities, aiming to maintain or possibly increase its position to about 55% of the portfolio. Chief Investment Officer Mark Delaney expressed optimism in the tech sector's growth potential, comparing it to past eras of innovation and anticipating support from potential US Federal Reserve interest rate cuts.
Source: YAHOO