Welcome to the latest issue of Investment Intel: Australia. While the rest of the country is enjoying a public holiday today, the team at APAC Financial Services has curated the latest news and insights to keep Asia-based investment managers informed about activities in the Australian market.

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Best wishes,

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

Current News and Insights

Australian Ethical’s Chief Investment Officer wants to triple funds under management by 2030. With AUM currently at A$10 billion, the fund could look to offshore partnerships or acquisitions to augment its existing investment capabilities. Further information can be found here...

Australia’s Future Fund has reached a record value of A$211.9 billion. The sovereign wealth fund reported a return of 8% in the last calendar year, adding A$15.6 billion in earnings. Read more here...

A new report has found that Australia’s biggest industry funds (AustralianSuper and Australian Retirement Trust) are dominating super inflows, while private sector players (Insignia, Colonial etc) have been losing funds. The report highlights increasing concentration of assets into a smaller number of larger funds. More information can be found here...

There has been significant discussion this week about the Federal Government’s changes to the stage 3 tax cuts that are scheduled to come into effect from 1 July 2024. Changes will scale back the gains for higher income earners. More about the changes can be found here...