Australian super funds are increasingly investing in overseas assets to deliver returns, as the $3.5 trillion superannuation industry continues to outpace economic growth.
Aware Super has a stake in Guzman y Gomez, which it bought in October 2022 – well before the recent IPO.“Rising super demand along with reinvested dividends and buybacks, plus an IPO drought, is driving a shortage of ASX equities,” Macquarie analysts said, noting an increase in the super guarantee levy to 12 per cent in the 2026 financial year would further expand the pool of capital available to the funds.
“Keep in mind there has been an IPO drought for the past two years, so there has been little new supply.”
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