Australian super funds unfazed by US election outcome
Investor Daily – 5 November 2024
Speaking to InvestorDaily, Joshua Lowen, insights manager at SuperRatings, said the outcome of the US election is not likely to result in a significant change to superannuation fund investment strategies.
“This is because these strategies are designed with long-term investment horizons, usually at least 10 years and therefore, while the result of the election may have an impact on some specific assets that funds invest in, at a strategic level, it is unlikely to have a major impact on long-term outcomes,” Lowen said.
However, investment teams will remain vigilant, closely monitoring potential shifts in US policy and their implications for equity markets.
“Funds, and their investment teams or managers, will be thinking about likely changes in US policy and any expected impacts on US equity markets because of the presidential election result, as they will move to capitalise on any opportunities that may arise, however, fund responses in this regard would be similar to those made in response to any major global event,” he said.
