POWERED BY MOMENTUM MEDIA
AustralianSuper crowned best MySuper investment option
AustralianSuper has taken out the Best MySuper Investment Option award at the Super Fund of the Year Awards 2018, with the Heron Partnership’s judging panel praising its investment options.
The judges said that the option’s “excellent long-term investment history, very competent in-house investment team managing 28 per cent of assets, and [ability] to access investment opportunities not available to many funds” were all key to its victory.
AustralianSuper group executive of membership, Rose Kerlin, told Super Review at the awards ceremony that there were multiple benefits to having the fund’s investment team in-house, saying that it planned to grow that 28 per cent.
“We’re able to use our scale to bring our team inhouse, which cuts out management fees,” Kerlin said. These savings can then be passed onto members.
“The talent we’ve been able to get and the insights they’ve had has let us get into investments first is another strength.”
Kerlin praised the team for having their “finger on the pulse” and being “talented and very passionate”.
She also said that AustralianSuper was focused on transparency with members, and that seeing that rewarded would reinforce the need to do that and motivate staff to do so.
Outside of investment choices, the judges were also impressed by the AustralianSuper option’s low-cost structure and focus on improving engagement with digital enhancements.
The judges considered the following criteria when determining AustralianSuper as the winner:
- Type of option (LifeStages or Single Diversified)
- Member understanding
- TAA range
- Level and type of active/passive management
- Investment performance; and
- Ease of understanding.
For LifeStages options, whether the structure included cohorts and those cohorts’ age band periods and curve shapes were also taken into account.
Recommended for you
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.
Big business has joined the chorus of opposition against the proposed Division 296 tax.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
