24.07.2009 - Australia: What super funds miss in property
From Businessspectator.com.au: Around 10-20 per cent of all super fund capital is invested in “real estate”. But when talking about Australian real estate, super funds largely restrict themselves to the relatively small $252 billion “core property” universe comprising industrial, retail and commercial real estate. Super funds have virtually no exposures to the $3.9 trillion residential property asset-class (and 40 per cent of their members don’t own a home either – they rent).............Full Article: Source
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