UniSuper Plans to Buy 10% US Tech Dips as A$166 Billion Fund Backs AI Growth
Updated
Updated · Bloomberg · Jul 8
UniSuper Plans to Buy 10% US Tech Dips as A$166 Billion Fund Backs AI Growth
1 articles · Updated · Bloomberg · Jul 8
Summary
UniSuper said it would add to US technology holdings if the sector drops 10%, extending an existing overweight position rather than cutting risk on valuation concerns.
A$166 billion in assets gives the Australian pension fund room to keep leaning into the trade, with CIO John Pearce saying US tech sits in the "sweet spot" of the AI spending cycle.
The bet rests on artificial intelligence driving years of earnings growth, a view that leads UniSuper to shrug off warnings that US tech valuations have become too lofty.
The stance underscores how large long-term investors are still treating any AI-led tech pullback as a buying opportunity, not a signal to retreat.