Property out, infrastructure in for industry funds
Industry superannuation funds have changed the texture of their exposure to unlisted assets, according to a new analysis from WealthData.
The analysis, based on Australian Prudential Regulation Authority (APRA) data, reveals the manner in which the industry funds have broadly reduced the exposures to unlisted property while at the same time lifting their exposure to unlisted infrastructure.
According to WealthData principal, Colin Williams unlisted property exposures dropped from 6.9% in June, 2022, to 5.9% while exposure to unlisted infrastructure rose from 9.9% to 11.4%.
The WealthData analysis has also reinforced the degree to which industry funds have become the dominant force in the superannuation sector and are now controlling 33.9% of total assets while retail funds control around 20%.
At the same time, self-managed superannuation funds (SMSFs) account for 25.6%.
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