Industry fund Cbus has posted its strongest investment result in five years, achieving 16.15 per cent for its default growth investment option Cbus Choice.
Its results for the 2012 financial year also showed a 12.65 per cent return for Cbus Property, the fund's wholly-owned subsidiary.
The year has seen Cbus embark on a suite of infrastructure and property investments including developments in South Australia and Queensland, and investments in Port Botany and Port Kembla.
"Cbus is proud of the strong return achieved this financial year; however the investment environment remains difficult, both globally and in Australia, and the challenge remains to meet our investment objectives for members," Cbus chief executive David Atkin said.
Next year marks the first time the fund will report on environmental, sustainable and governance (ESG) issues, applying the Global Reporting Initiatives (GRI) framework to the National Trustee Office.
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
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