POWERED BY MOMENTUM MEDIA
Cbus posts best result in five years
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.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
The super fund announced that Gregory has been appointed to its executive leadership team, taking on the fresh role of chief advice officer.
The deputy governor has warned that, as super funds’ overseas assets grow and liquidity risks rise, they will need to expand their FX hedge books to manage currency exposure effectively.
Super funds have built on early financial year momentum, as growth funds deliver strong results driven by equities and resilient bonds.
The super fund has announced that Mark Rider will step down from his position of chief investment officer (CIO) after deciding to “semi-retire” from full-time work.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
76.97 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
76.46 3 y p.a(%)
3
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
51.13 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
45.15 3 y p.a(%)
5
Select Baker steel Gold Institutional
43.78 3 y p.a(%)
