POWERED BY MOMENTUM MEDIA
Aware Super grows to $150b FUM
Aware Super has grown to $150 billion in funds under management (FUM), which has been achieved through the mergers with Vic Super and WA Super, and fee cuts.
VicSuper accumulation members saw a 20% reduction in administration fees, while Aware Super pension members saw an average fee reduction of approximately 10%.
Deanne Stewart, Aware Super chief executive, said these savings were some of the benefits that size and scale could provide to members, and reaching the $150 billion milestone was important for the fund.
“We know that size and scale are critical drivers to delivering better long-term retirement outcomes for our members,” Stewart said.
“As we grow, we are able to leverage our scale to drive down costs to members, maintain our record of top performance and expand the range of products, guidance, advice and education services that we can provide.
“Through our increased scale we are also in a position to in-source our member administration and deliver market-leading digital services to ensure our members can access simple, streamlined support.
“Our aim is to ensure our members can access the best financial education, advice and guidance when and how they need it, all while enjoying top-10 performance and low fees.”
Damian Graham, Aware Super chief investment officer (CIO), said they would need to continue to adapt and change their approach as the fund grows to be a $250 billion-plus one in the future.
“This will mean continuing to develop our internal capability and building out our team both in Australia and globally,” Graham said.
“We will also look to expand our portfolio within Australia and internationally. This trend has already started, as demonstrated by some of our recent investments in multi-family housing projects in Spain and the US, and our increased exposure to renewables and new technologies globally.”
Recommended for you
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new research has shown.
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.
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(%)
