Welcome to issue 10 of Investment Intel: Australia, where we have carefully selected the news that matters most to Asian investment managers who need insights into the Australian market.

If you would like to hear more about APAC Financial Services or this newsletter, please let me know.

Best wishes,

David Thomas
APAC Financial Services
Email: davidthomas@apacfinancialservices.com

Current News and Insights

The $75 billion superfund, Rest, announced an initial investment of $150 million into an international listed equities mandate with global investment manager Ninety One. More on this news can be found here.

Australian super assets have reached $3.7 trillion, up 10% on last year. Industry super funds have been found to attract the most money, up 15% year on year. More information can be found here.  In addition, it was found that Australian super funds hold the highest allocation to equities and the lowest to bonds against peers in the UK and the US. Further details can be found here.

Inflation rose 3.4% in the 12 months to January 2024, according to the latest monthly consumer price index (CPI) indicator from the Australian Bureau of Statistics (ABS), down from 4.3% a month earlier. More details can be found here.

The number of ultra-high-net-worth individuals in Australia is expected to increase to 27% by 2028, with Australia highlighted as the most popular location for overseas buyers to purchase property. More information can be found here.

Queensland Investment Corporation (QIC) has appointed Geoff Brunsdon as its new chair. A company statement said that Geoff’s “global mindset and broad thinking will provide invaluable … as we further our own globalisation”. More information can be found here.