Aware Super cashes in on tech, healthcare bias to return 11pc

Industry superannuation fund Aware Super increased its customers’ $175 billion retirement savings pot by 11 per cent last financial year, as it cashed in on a heavier exposure to soaring technology and healthcare stocks than rivals.

Chief investment officer Damian Graham said he ramped up Aware’s allocation to international shares a couple of years ago and had a natural bias to growth stocks such as tech, which helped drive the above-average return.