AustralianSuper is Australia’s largest superannuation fund. With A$180 billion ($130 billion) in assets, it manages money on behalf two million members. The fund is positioning itself for further growth and its operational development includes the ambition to manage 35 per cent of assets internally by 2018. The fund’s balanced (default) option has an asset allocation of 22 per cent to Australian equities, 34 per cent to international equities, 7 per cent to direct property, 12 per cent to infrastructure, 4 per cent private equity, 11 per cent fixed income and 8 per cent cash.
It was one of the earliest adopters of infrastructure, and has more than 20 years’ experience in the asset class. Its allocation to infrastructure is currently $7.8 billion and this is expected to double in the next five years.