Ignore Trade War, Load Up on Tech Stocks, $25 Billion Fund Says
- Host-Plus boosts allocation to global stocks to boost returns
- Fund has topped Australia returns for one, three and 5 years
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Australia’s top-performing pension fund reckons concerns about a China-U.S. trade war are overdone and is piling into riskier assets such as global stocks to boost returns.
“Let a trade war happen,” said Sam Sicilia, chief investment officer at Host-Plus Pty, which manages A$34 billion ($25 billion) of retirement savings. “Markets have a way of shrugging off. It’s not going to switch the world off and if you have a long investment horizon like Host-Plus does, it won’t matter in the long run.”