Craig Hobart

The new Labor Government will be a strong supporter of superannuation. In fact, the Prime Minister in his election night comments mentioned his government's support for "universal superannuation." However, before discussing possible developments and tweaks in respect of superannuation under the new government, let's confirm the changes that will occur from 1 July 2022.

Emerging market debt has had a tough 2022 so far but the market is reaching an inflection point. Much of the bad news is in the past and yields are beginning to stabilise, opening an opportunity for investors to consider rebuilding positions. Emerging market debt (EMD) has suffered an almost perfect storm this year due to rising inflation fears, higher U.S. interest rates and a sudden slowdown in China.

Superannuation's structural tailwinds of the past 30 years are morphing into headwinds and traditional diversification is challenged. (As an industry) We need to reimagine asset allocation and create portfolios with assets that are inflation resistant.