POWERED BY MOMENTUM MEDIA
CFS targets Millennials
Colonial First State (CFS) has added a new superannuation investment option designed for people born in the 21st century.
The First Choice Lifestage 2000-2004 option is available on CFS's FirstChoice platform and has investment settings currently biased toward growth assets (90 per cent), with 10 per cent in defensive assets.
CFS general manager for product and investments, Peter Chun, said "younger members have time to ride out the ups and downs of investment markets, so their super is invested in growth assets, like property and shares".
"These assets have a greater potential to deliver higher returns over time and therefore grow the member's retirement savings above inflation," he said.
Chun said there were 12 life stage options ranging from Baby Boomers through to Millennials and had $3 billion in assets in the options.
Recommended for you
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment