Australia’s largest superannuation fund has been buying up large stakes in telco giant Telstra and health insurer Medibank, while taking steps to shield its members from the rocky performance of ASX blue chips CSL and Woolworths.
AustralianSuper, which manages just shy of $400 billion for its 3.5 million members, has revealed the repositioning in its latest portfolio holdings disclosure released this month.
Source: https://www.afr.com/markets/equity-markets/australiansuper-snaps-up-1b-stakes-in-telstra-medibank-cuts-csl-20251002-p5mzhw