Employers pursue default funds

15 December 2005
| By Mike |

Australian Retirement Fund (ARF) has moved to enhance its suite of investment choices with the expansion of its direct shares option by a further 100 stocks.

The new Australian Stock Exchange investment product, the , will allow eligible members of the fund to invest in any one or combination of shares within the .

According to ARF’s executive director of investments , the fund has moved to address strong demand from members for the capacity to invest in a broader range of companies.

“For many ARF members, such as those who have a high account balance or who have considered setting up their own self-managed superannuation fund, the ASX 200 Shares Investment Option gives them the control they want with low fees,” she said.

Rubin said that members would pay a flat $39 annual fee to participate in Investment Option, together with the $1.10 weekly administration fee that applies to all members.

Members would receive the after-tax benefits of dividends, franking credits (where available) and share price movement.

To be eligible, members will have to have a minimum account balance of $10,000.

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