LGIAsuper ups investment in agriculture

LGIAsuper/agriculture/australia/Brazil/

11 June 2019
| By Hannah Wootton |
image
image image
expand image

The megatrend of healthy eating in Western countries is adding to the appeal of agricultural investments, and LGIAsuper is seeking to capitalise on its growth by adding to its growing portfolio in the asset class.

In an effort to diversify, the super fund committed to Folium Capital’s agriculture and timber funds, which included assets in Australia, Brazil, California, Chile, Iberia and Panama.

“The depth of the agriculture sector right now reflects several trends, including consumer interest in healthy food, borrowing food ideas from other cultures, and year-round demand for seasonal produce,” LGIAsuper head of investments, Guy Rundle, said.

In addition to offering diversification, Rundle hoped that the investment would also help grow members’ balances, as it built on an agricultural portfolio designed to capitalise on the sector’s growth. The fund had also invested in The Houweling Group, a leading North American greenhouse vegetable grower, propagator and marketer, and the Central Queensland Livestock Exchange.

Folium Capital managing partner, Alvaro Aguirre, said that while the firm’s latest agriculture and timber funds were still in their early stages, he expected their future returns to be attractive.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 5 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 1 day ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

2 days 18 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5