Christian Super has emerged as the seed investor for AMP Capital Investor’s new Responsible Investment Leaders Diversified Fixed Income Fund.
Confirming Christian Super’s involvement, the fund’s chief executive, Peter Murphy, said it reflected a long-term commitment to investment opportunities that make a valuable contribution to society and the environment.
AMP capital investment specialist Angus Dennis said the fund would invest in a blended portfolio of Australian fixed interest securities (government and credit), global government bonds and global credit securities while applying an environmental, social and governance overlay.
Large superannuation accounts may need to find funds outside their accounts or take the extreme step of selling non-liquid assets under the proposed $3 million super tax legislation, according to new analysis from ANU.
Economists have been left scrambling to recalibrate after the Reserve Bank wrong-footed markets on Tuesday, holding the cash rate steady despite widespread expectations of a cut.
A new Roy Morgan report has found retail super funds had the largest increase in customer satisfaction in the last year, but its record-high rating still lags other super categories.
In a sharp rebuke to market expectations, the Reserve Bank held the cash rate steady at 3.85 per cent on Tuesday, defying near-unanimous forecasts of a cut and signalling a more cautious approach to further easing.