South Australia’s Statewide Superannuation Trust has moved to expand the Auswide Master Trust product it launched almost two years ago by broadening the choice of investment options from 50 to more than 80.
Auswide represented one of the first forays by an industry super fund into the master trust arena.
Statewide’s product and distribution manager, Ludwig Bachmayer says the expansion also includes the introduction of new investment managers, while maintaining the master trust’s low administration fee structure.
The new investment managers announced by Statewide include Credit Suisse Asset Management, Deutsche Asset Management, Maple-Brown Abbott, Perpetual and UBS Global Asset Management.
Bachmayer says a total of 89 investment options are available as well as five pre-mixed options
“Since Auswide’s inception, financial planners, employers and high income earning individuals have embraced its flexibility and commitment to providing low-cost, superann- uation,” he says.
