26 January 2022
Aussies can rest easy this Australia Day knowing their superannuation is helping build their nation, even while they’re at play.
With around $24 billion in member savings under management, the 123,000-member strong fund LGIAsuper, is continuing to invest where members live and work with dozens of Australian-owned assets proudly making up the fund’s portfolio.
The fund’s key infrastructure investments include some of the nation’s busiest airports and a 154-hectare parcel of land that is home to some of Australia’s favourite theme parks, including Warner Bros. Movie World and Wet ‘n’ Wild.
LGIAsuper and Energy Super Deputy Chief Investments Officer, Kevin Wan Lum said the fund’s investment into Australian-owned infrastructure and property assets offered significant advantages.
“We invest in Australia and other markets privately in assets which are not available to invest via share markets, along with providing some further diversification of risk and returns.
“Good examples of these types of investments in Australia include infrastructure including airports such as Sunshine Coast, Gold Coast and Perth Airport, major seaports such as ports in Brisbane, Melbourne and Portland along with large office and shopping centre investments across the eastern seaboard,” he said.
“One of the key benefits of investing privately in Australia is the ability to look beyond the short term, and invest on a longer term ultimately generate higher returns,” he said.
Mr Wan Lum said LGIAsuper/Energy Super also has private investments in Australian businesses such as Flavorite, Affinity Education, and Stone Axe Pastoral.
LGIAsuper and Energy Super CEO, Kate Farrar said the fund’s commitment to investing in Australian assets is an example of its focus on supporting its members.
“We are a proud Australian fund, and as we continue to grow, our focus remains on helping build our fund and our country to support our members”
LGIAsuper is working on the next stage in its growth: the acquisition of Suncorp’s superannuation business, Suncorp Portfolio Services Limited (SPSL).
The acquisition of SPSL is due to be completed in the first half of 2022. The combined funds will have about 250,000 members and around $30bn under management.