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Here's What I Think About AustralianSuper Downgrade Performance



Australia's biggest superannuation fund has suffered an embarrassing downgrade after declining to reveal details of high staff turnover and the performance of internal investment teams.

Citing concerns about AustralianSuper's ability to outperform peers, investment research house Lonsec has downgraded the $168 billion fund's flagship investment option from "recommend" to "investment grade" in material sent to financial advisers.


Read more on: https://www.afr.com/companies/financial-services/australiansuper-gets-embarrassing-downgrade-on-performance-20200513-p54siu



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