Rest Super is one of Australia's largest superannuation funds with around 1.8 million members.
Background: Rest Super is one of Australia's largest superannuation funds with around 1.8 million members. They’re managing around $66 billion in funds for their members
What happened: At their Annual General Meeting, Rest Super announced that they’ll be looking to dip their toes in the deep, deep crypto water.
What else: Rest reckons it's important that its members have some exposure to a range of asset classes - including crypto - so that they can diversify their members’ retirement savings. Now where lambo, Rest?
💡Diversifying your portfolio means investing in a wide variety of investments to reduce your investment risk. Ya know, "don't put your eggs in one basket".
💡Fund managers and investors, like Rest Super will try to diversify their investments across different asset classes (think: shares, real estate, bonds and now...crypto?).
💡With a diversified portfolio, it means you can weather the storm a lil' better if a catastrophic event takes place (*cough* COVID).
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