Australian Fund With $123 Billion Weighs Private Credit Boost

Pension and wealth manager Colonial First State is looking to floating-rate debt and inflation-protected bonds to navigate rising inflation and slowing growth caused by higher energy prices.

The surge in oil through the Iran war may have already shaved off half a percentage point from US gross-domestic product in 2026, while also pressuring prices higher, Jonathan Armitage, chief investment officer of CFS who manages a A$179 billion ($123 billion) portfolio, said in an interview.