Pension fund UniSuper looks to Australian miners for the next leg of returns

Australian pension fund UniSuper is looking to the local resources sector for its next spurt of growth and holding its allocation to US tech steady after the red-hot sector helped the fund to a bumper year. Chief Investment Officer John Pearce said the Chinese economy, plagued by the slow-motion implosion of its property sector, was showing signs of reaching a bottom, which would help the A$135-billion fund's bets on Australian mining. "We're holding tight on our resources position even though it hurt us this year," he said.