AustralianSuper sees bleak outlook for global property

AustralianSuper, the country’s largest superannuation fund with A$263 billion ($175 billion) of AUM, has expressed a downbeat outlook on global property markets, while singling out Australia’s economy as relatively resilient when compared to other developed markets. “In general, we are cautious about the outlook for valuations across most sectors of property,” Bevan Towning, head of property at AustralianSuper in Melbourne, told AsianInvestor.  He contrasted a bleak outlook for …