Professional Associations Super has made a number of changes to its bonds and property portfolios.
The superannuation fund has sold its investments in the Dexus Wholesale Property Fund and reinvested its funds in two AMP property funds: the AMP Office Trust and AMP Shopping Centre Fund.
"We were looking to invest in more specialised property funds. AMP opened up these funds to new investments and so took up the opportunity to make these investments," chief investment officer Paul Kessell said.
The fund had also reduced its exposure to international bonds in response to a number of macro-economic trends, the fund said.
"We have moved 4 per cent of our exposure in inflation-linked international bonds to Australian inflation-linked bonds," Kessell said.
The superannuation fund has also moved 1.5 per cent of its exposure to international nominal bonds into Australian nominal bonds.
The international and Australian bond portfolios are managed by BlackRock.
