‘Big and patient’: ART harnesses scale to post 11.3pc return
Australian Retirement Trust head of investment strategy Andrew Fisher says the fund has two particular things going for it as an investor: scale, and patience. He says ART is not about being consistently smarter than everyone else, and it certainly can’t move more quickly.
Fisher says that through the year ART exploited the benefits and worked around the disadvantages that inevitably accompany scale. On Sunday the $300 billion fund unveiled an 11.3% per cent return for its ART High Growth option for the 2023-24 financial year.
At the same time it is streamlining its range of investment choice options, and will transition around 1.4 million members under the age of 50 who do not make an active investment choice into its High…
