Statement by ASFA CEO Mary Delahunty:
Super funds invest in a diverse range of sectors across the world. Whether it is Canadian airports, British energy infrastructure, or American farming, if an investment opportunity offers good returns for working Australians, super funds will likely be interested in exploring it.
Every super fund independently assesses any investment opportunity on its financial merits.
While the idea reported today has not been raised with the superannuation sector, we would welcome a discussion with the government on it. Our sector is always on the lookout for new opportunities for funds to bring good financial returns home to Australian savers.
A super fund’s obligation is set in law, and it is to act in the best financial interests of its members as they save for retirement.
Super funds’ investments often do support the nation’s trade interests; that is a byproduct, not a purpose, of investing well for members.
The US is the largest destination for super funds’ international investments. America’s vast and diverse markets offer good opportunities to invest for members’ gain. Engagements such as the Australian Superannuation Investment Summit in the US have helped to identify these opportunities.
Members of the media may contact:
Scott Roberts
Media and Content Lead
sroberts@superannuation.asn.au
0451 949 300
About ASFA
ASFA is the peak policy, research and advocacy body for Australia’s superannuation industry, and the only industry body that represents all parts of the APRA-regulated system.
Our more than 100 members include retail, industry, corporate and public sector funds and their service providers. For over sixty years, ASFA has been the voice of super, advocating for a dignified retirement for all Australians. Through research, advocacy and collaboration, ASFA promotes efficiency, sustainability and trust in Australia’s world-class retirement income system.