We might see market jitters about global growth, but it will all work out in the long run, bets Australia's best-performing superannuation fund.
Australia's best-performing superannuation fund is going against the grain by avoiding cash and bonds, betting the 30-year investment horizon of its youthful members means it can ride out looming economic shocks.
It had "a lot of cash coming in, not a lot of cash going out," Mr Sicilia, 56, said in a recent interview in Melbourne. The firm's "demographic hasn't changed significantly to want to change the shape of our asset allocation". It's also top ranked over five years, up 8.9 per cent and outpacing the country's largest pension fund, AustralianSuper, the data show.
Part of that success was due to the fund's ability to stomach less liquid unlisted assets, Mr Sicilia said.
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