Australian super funds to remain overweight on equities

Superannuation funds in Australia are likely to hold their overweight positions on equities after reporting their strongest returns in decades following a global stock rally, super fund executives told AsianInvestor. Robert Credaro, Aware Super “Equities, are, like many asset classes, fairly expensive but earnings momentum is still solid in many markets, suggesting a reasonable long-term return from here, albeit more modest than we have seen in recent years,” said Rob…