ING DIRECT Living Super has expanded its investment menu off the back of investor and adviser demand.
It has expanded the numbers of shares available on its investment menu, extending the share trading platform to include securities within the S&P/ASX300 index and adding 26 additional funds to the exchange traded funds (ETF) menu.
ING DIRECT said according to CoreData research, the appetite for share trading through superannuation is growing year on year, with more than 70 per cent of retail superannuation investors saying they are interested in using ETFs, listed investment companies and direct share trading options.
ING DIRECT's head of third party distribution, Mark Woolnough, said "investors are increasingly looking for control of their superannuation, which asset classes like direct share trading and ETFs offer".
AustralianSuper has reported a 9.52 per cent return for its Balanced super option for the 2024–25 financial year, as markets delivered another year of strong performance despite the complex investing environment.
The profit-to-member super fund’s MySuper default option has returned 9.85 per cent for the financial year 2024–25.
Colonial First State (CFS) has announced solid double-digit returns for its MySuper balanced and growth equivalent funds during the financial year.
The super fund’s Future Saver High Growth option delivered an 11.9 per cent return for the financial year 2024–25, on the back of a diversified portfolio and actively managed investment strategy.