POWERED BY MOMENTUM MEDIA
Ratings and the urge to merge
Where have all the superannuation ratings houses gone?
Remember when there was SuperRatings standing proudly as a ground-breaker in providing ratings to superannuation funds? Remember when the sometimes irascible Warren Chant set up Chant West?
Well, as readers have probably already noted, these days SuperRatings is all part of research and ratings outfit Lonsec while, in mid-February, we learned that Chant West has been acquired by another research and ratings outfit, Zenith.
Of interest ought to be that the combining of SuperRatings and Lonsec resulted from the private equity involvement of Mark Carnegie, while Zenith’s embrace of Chant West follows from Zenith itself having taken on board some significant private investors.
Rollover reckons that the clear message in all these transactions is that the ratings game is getting tougher and having a foot in both the wholesale and retail markets is an advantage.
The competitive pressure may be rising, but Rollover doubts super funds will be seeing any reductions in fees.
AUTHOR
The Rollover
Rollover is a jaded hack who joined the staff of Super Review nearly two decades’ ago and never managed to summon the energy to leave. Known throughout the superannuation industry as a power-luncher and gossip, Rollover spends his time humouring fund managers, eavesdropping at conferences, dozing through briefings and looking for his next free meal.
Recommended for you
With rainy weather abound in Sydney, Rollover was sat in front of his TV watching the smorgasbord of niche documentaries free-to-air has to offer.
As a history buff, Rollover is well-aware of the importance of the role the vanguard plays in a military force, as the leader at the front of battle.
Now that crypto investing is mainstream, with Rest Super announcing it will put a portion of its funds into it, Rollover wonders whether his grandkids will think he is hip when he shows them his crypto balance in his new digital wallet.
Rollover is almost as fascinated by superannuation fund mergers as the deputy chair of the Australian Prudential Regulation Authority (APRA), Helen Rowell.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
