superannuation

The second-largest is the Universities Superannuation Scheme, with 19.7%, a pension fund for UK academics.

"Our intent and position to support reconciliation through practical actions is unchanged by the outcome of the referendum," said Ross Piper, CEO of superannuation at Australian Ethical, which has A$9.2 billion under management.

Australian superannuation fund UniSuper, which runs a $15 billion private markets portfolio investing in unlisted infrastructure and private equity, is looking to grow its portfolio.

Central Bank governor, Nandalal Weerasinghe, previously said the treasury bills owned by the bank would be converted into treasury bonds with a longer maturity period and the same has been proposed for superannuation funds.

Under the proposed domestic debt restructuring program, the bulk of the debt will be shared by the Central Bank and superannuation funds from which the government already borrowed money, while national banks will be spared because of possible negative ramifications on deposits, according to top government officials.