Page 5 - Ian Patrick News Today

YEARS of harrowing losses have left Chinese stocks with a diminished standing in global portfolios, a trend that’s likely to accelerate as some of the world’s biggest funds distance themselves from the risk-ridden market. An analysis of filings by 14 US pension funds with investments in Chinese stocks show most…

An analysis of filings by 14 US pension funds with investments in Chinese stocks show most of them have reduced their holdings since 2020.

Super funds’ belief they will not have to slash real estate valuations further comes despite economists’ expectations of further write-downs.

The Wayne Swan-chaired industry fund urged Treasurer Jim Chalmers to stick to the current regime even as its rivals heavily lobby Canberra for change.

The investment chiefs of the $3.5 trillion super sector say domestic opportunities had “significantly broadened” because of high interest rates, reversing historic orthodoxy that they had outgrown local markets.

Investment chiefs who collectively manage more than $1.5 trillion in retirement savings are ramping up their exposure to unlisted assets, private credit and cash.

The executives who manage more than $1.5 trillion in retirement savings are not swinging for the bleachers. They’re still worried about inflation, interest rates and a potential recession.

Authorities have arrested a Hayward man suspected of unloading a handgun into the vehicle of a family of five during an apparent "road rage" incident last year.

Authorities have arrested a Hayward man suspected of unloading a handgun into the vehicle of a family of five during an apparent "road rage" incident last year.

Australian Retirement Trust chief investment officer Ian Patrick will replace Paul Watson on the board following the latters resignation from Hostplus as group executive of member experience.