Inside a $350bn super fund: How your money is really invested

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Australian Finance Podcast 56 min 3 speakers 8 chapters transcribed 4 months ago
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What does a Chief Economist do at Australian Retirement Trust?

Owen Rask 0:00
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Brian Parker 0:39
AI must be labor enhancing. It cannot in aggregate be labor replacing because the social repercussions of that and the political repercussions of that are very frightening. I do worry that if I look at the people who are leading this charge, are they really the best people to guide us on this journey? Is that really the kind of society we want to live in?
Owen Rask 1:02
Imagine you're sitting at the helm of $350 billion. That's what you've got to invest for millions of Australians. This is the problem that faces or the challenge that faces many big super funds in Australia, but one in particular is Australian Retirement Trust. And we've got the chief economist, Brian Parker, on the show today to answer questions about how does a big investment company like that make decisions to protect and grow their members' super balances? What are all these things in the global economy like conflicts and trade tensions, interest rates, inflation, what do they all mean and how do you navigate that? We're going to put it to the man who knows in this episode of the Australian Finance Podcast.
Owen Rask 1:48
Welcome to the Australian Finance Podcast by Rask. Together, we will improve your relationship with money, discover the world of investing, save more money, and design the life you want. Please don't forget to subscribe to the show on Apple, Spotify, YouTube, or wherever you get your podcasts because we share at least two wonderful episodes every week. You should know that our favorite episodes drop on a Monday and a Friday with bonuses on Wednesdays. Finally, to hear more from us and get show notes and all those other wonderful things like free courses, head to rask.com.au to find us online. Brian, thanks for taking some time to join me on the show. Great to be with you. I know you're floating down, not just for this.
Owen Rask 2:37
I know you've got a fair bit to do in Melbourne and it all sounds pretty good. But I appreciate you taking the time out to share some of your insights and what's going through your mind at the moment because there is so much at the time of recording that's happening in the world. We'll look across to the Middle East. We've got parts of Europe. We've got inflation expectations. We've got interest rates. We've got everything going on domestically as well. Now, you've been in many different roles in economics over your time, but you've been at ART now, Australian Retirement Trust, for over 10 years. Correct, yep. I want to know, and I'm sure listeners would be keen to understand, What is so exciting about economics for you?
Owen Rask 3:19
What gets you up in the morning to talk about this stuff, to come here today, and what keeps you going?
Brian Parker 3:24
Look, at the end of the day, I've always just been fascinated by the working of markets and financial markets, but also how the economy works and how it all fits together. I've also been really fascinated by politics and history. And to me, when it comes to investing money, You know, knowing the maths and knowing the finance theory is one thing, but having a good understanding of politics and history and how it all fits together and how economies work, to me that makes the job endlessly fascinating. I don't really have a boring day at work, especially not now. there is always something happening. There's always something left field that could potentially emerge that you need to have a view on and need to analyze.

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