Australian Retirement Trust Expands Global Asset Holdings
The Australian Retirement Trust has increased its global equity and bond holdings. The fund is trading daily to acquire cheaper assets during the Iran war.
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The second-largest pension fund in Australia has significantly increased its exposure to global equities and international bonds, targeting asset classes that have seen heavy sell-offs due to market volatility. The Australian Retirement Trust (ART), which manages A$350 billion, is capitalizing on the financial instability triggered by the conflict in Iran. Jimmy Louca, a senior portfolio manager at the fund, noted that ART is currently engaging in more frequent direct market trading than its usual weekly cycle.
"Whereas in something like this, we're trading almost every day, and this drawdown is still early and still going."
