Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement
Superannuation
11 July 2025 by Maja Garaca Djurdjevic

Beyond Silicon Valley: How super funds thrived on diversification in 2025

Superannuation funds have posted another year of strong returns, but this time the gains weren’t powered solely by Silicon Valley. In contrast to ...
icon

Netwealth edges in on rival HUB24 with record FUA net flows

The wealth management platform remains a strong performer in the platform space, generating a record $15.8 billion in ...

icon

South Korean exposure pays off as ASX-listed ETF jumps 32%

The iShares MSCI South Korea ETF (IKO) gained 32.1 per cent in the first six months of the year, marking South Korea’s ...

icon

Instos anticipate crypto to feature in traditional portfolios by 2030

Three-quarters of institutional investors believe cryptocurrencies will form part of traditional portfolio allocations ...

icon

US tipped to be ‘the big loser’ of Trump’s expanding trade war: AMP

The rollout of further tariffs in the US from August is expected to decrease economic growth in the US in the ...

icon

Government cements RBA overhaul with new rules

The government has cemented its overhaul of the RBA’s governance with the release of an updated Statement on the Conduct ...

VIEW ALL

Currency to emerge as new asset class: Investec

  •  
By Christine St Anne
  •  
4 minute read

Investec sees currencies as the new asset class as Asian economies emerge into the new world order.

Currency will emerge as an asset class in its own right, according to Investec Asset Management strategist Michael Power.

Power said those currency management strategies would resemble the way cash management funds operated.

"Currencies will become an important asset class. The issue now, however, is what basket of currencies will be the key currencies," he said.

He said in the long term, the currencies of Brazil, China, India and Russia would increase in importance.

"These countries are now part of the new world. They will be engines of growth behind the global economy," he said.

 
 

Currencies traded in the Middle East would also become crucial in currency trading, he said.

Power said China, India and other parts of Asia were now part of the new world order.

He said that while Australia was "a member of the old world order, it is in a very good position to benefit from the new world order".

"However, if it is to benefit from the growth in China and the economies in Asia, it will have to manage its currency," he said.

"It can't just let its currency appreciate. Despite conventional wisdom, the central bank may have to step in and manage the currency."