Australia's Aware Super Eyes U.S. Property Amid Economic Confidence

Australia's Aware Super, a leading pension fund managing A$190 billion, has expressed its commitment to greater investments in U.S. property markets. Despite current political volatility, the fund is banking on America's robust economic fundamentals and steady domestic consumption to ensure stable, long-term returns.

This strategic move comes as Aware Super partners with Australian developer Goodman Group in a $1.3 billion venture to purchase a U.S. industrial property fund. The assets include logistics sites in Los Angeles, as part of the fund's broader strategy of investing internationally within the A$4.1 trillion Australian superannuation landscape.

Despite concerns such as U.S. tariffs announced by President Trump, Aware Super's property head, Alek Misev, emphasizes the importance of looking beyond short-term volatility and focusing on fundamental strengths. With significant property assets across the U.S. and Canada, the fund remains resilient, seeking locations near major population centers to ensure high-quality tenant demand.

(With inputs from agencies.)