AustralianSuper slashed positions in Apple and Microsoft, purchased extra shares of electric-vehicle maker Tesla, and initiated a place in chip supplier Nvidia within the second quarter, reviews Barron’s.
AustralianSuper is an Australian superannuation fund headquartered in Melbourne, Victoria. It’s an business tremendous fund, and so operates by means of a mutual fund construction. AustralianSuper is the biggest superannuation fund in Australia and the 20 th largest pension fund on this planet.
The inventory trades have been disclosed in a kind it filed with the Securities and Alternate Fee. AustralianSuper declined to touch upon the funding modifications to Barron’s. Nevertheless, as of June 30, 2022, it managed $170 billion in belongings, making the pension Australia’s greatest, and the world’s twentieth largest.
Apple inventory soared 49% within the first half of 2023, in contrast with a 16% rise within the S&P 500 index. To date within the third quarter, shares are down 6% in contrast with the index’s flat efficiency.
