The further Australia’s superannuation funds have been from the United States’ magnificent seven stocks, the Nasdaq index, and even Wall Street, the worse they’ve performed.
It’s been like that for five years. AustralianSuper chief investment officer Mark Delaney, one of the wise owls of the $4.3 trillion retirement savings sector, outlined it beautifully a year ago, lamenting another year of less-than-stellar performance.
Source: https://www.afr.com/chanticleer/run-it-hot-wall-street-bull-says-we-re-missing-the-real-story-20251118-p5ng5q