Sep
24
China’s Slice of This $48 Billion Fund Just Keeps Getting Bigger
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UniSuper increases Asia equity allocation, buys U.S. banks
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Profit growth in emerging markets is key driver for UniSuper
John Pearce has returned to Sydney from a week in Hong Kong beaming, with one clear message of where to invest his next dollar: China.
The chief investment officer who’s in charge of A$60 billion ($48 billion) at Australian pension fund UniSuper Management Pty expects returns in Asian emerging-market equities to beat developed economy peers, extending an outperformance that’s already underway. The main reason: Chinese firms are driving profit growth set to exceed that in mature stock markets as it’s coming from a lower starting point…
China’s Slice of This $48 Billion Fund Just Keeps Getting Bigger
