Superannuation Boom: Australian Super Funds Expand Overseas Holdings
"There's AU$4.2 trillion of members' money under management in superannuation," Mary Delahunty, chief executive of ASFA, said. "That makes Australia one of the top investors in the world." Within the next five to seven years, Australia is expected to surpass the U.K. and Canada, making it the second-largest pool of capital globally.