SURFING THE AI WAVE: The AI revolution is top of mind for AustralianSuper and underpins a strategic shift in the investment approach of Australia's largest superannuation fund.

The article focuses on AustralianSuper, Australia's largest industry superannuation fund with A$385 billion in total assets, and its strategic investments in global infrastructure, particularly digital infrastructure and airports. AustralianSuper has significantly increased its exposure to data centres through major investments in Vantage EMEA and US-based DataBank, aiming to capitalize on the growth driven by artificial intelligence (AI) and digitalization. Domestically, the fund holds substantial stakes in infrastructure assets such as Perth Airport, Sydney Airport, and toll roads via Transurban, emphasizing direct ownership in core infrastructure to support long-term stable returns. The fund's infrastructure portfolio, totaling A$49 billion, has grown faster than its real estate holdings and is expected to continue expanding internationally, especially in the US and Europe, driven by demographic trends and rising demand for travel and technology services.