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The Times

Australia’s retirement savings are too big to invest at home – here’s why super funds are looking to the US

  • Written by Susan Thorp, Professor of Finance, University of Sydney
Australia’s retirement savings are too big to invest at home – here’s why super funds are looking to the USMarek Masik/Shutterstock

You might remember Pesto, the king penguin chick who became a star attraction at Melbourne Aquarium last year. Good food, good genes and a safe home let Pesto grow into a huge ball of brown fluff twice the size of his parents. Pesto became a local and international celebrity.

While not cute or funny like Pesto,...

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