John Pearce, the veteran chief investment officer of $115 billion superannuation fund giant UniSuper, is only too aware that it wasthat helped him deliver members of the fund’s balanced option a 10.34 per cent return for the year to June 30.
But you’d be wrong. “One thing is here to stay and that’s a normal cost of capital curve. And I welcome it,” Pearce says, arguing it would be best for central banks to hold rates higher for longer “and let the economy work itself out”.
Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder: