What AI bubble? AustralianSuper says it is sticking with US stocks

What AI bubble? AustralianSuper says it is sticking with US stocks

The head of asset allocation, Alistair Barker, is not too worried about lofty valuations, and says several companies have been generating real earnings growth.

AustralianSuper Navigates AI and Geopolitics

AustralianSuper, managing $400 billion in assets, is closely monitoring the impact of artificial intelligence and geopolitical tensions on the global economy. Alistair Barker, head of asset allocation, observes an AI arms race between the US and China, which he believes is currently advantageous for investors. AustralianSuper is one of Australia’s largest superannuation funds, focused on providing retirement savings for its members. The fund’s a…