Report: Aussie Pension Colonial First to Up Private Credit Exposure

Australian pension and wealth manager Colonial First State said it plans to increase its exposure to private credit investments as a protective strategy against potential inflationary policies following Donald Trump’s victory in the recent US presidential election, Bloomberg reported.

Colonial First CIO Jonathan Armitage told Bloomberg the election result has reinforced the A$156 billion fund's strategy to develop its private credit portfolio, especially if the President-elect pursues his campaign platform. Colonial First intends to increase its allocation to the asset class, currently below 1%, to approximately mid-single digits within the next few years.

Source: https://www.bloomberg.com/news/articles/2024-11-13/trump-win-spurs-australian-pension-fund-to-boost-private-credit

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