'Why bother emulating average returns?' Don't over-diversify

By Marcus Padley
Updated January 19 2018 - 9:38am, first published December 9 2017 - 12:52am

For big multibillion-dollar superannuation funds run by slow-moving, conservative fund managers, the performance goal is not about stock picking but about slightly outperforming the market through asset allocation or, in the equity market, by going underweight and overweight sectors.