NZSuper, Future Fund look to alternatives amid inflation

Investors have increasingly looked towards alternatives and real assets in the low-yield environment of the past few years, but now there is another reason to include them in a portfolio: they are a decent hedge against inflation. “We have always had a decent book of real assets, but we found that the alpha outcomes for real assets had been historically extremely strong, and the alpha has perfect inflation pass-through,” Ben Samild, deputy chief investment officer of Australia’s F…