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".
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.
Rest has joined forces with alternative asset manager Blue Owl Capital, co-investing in a real estate trust, with the aim of capitalising on systemic changes in debt financing.
The Future Fund’s CIO Ben Samild has announced his resignation, with his deputy to assume the role of interim CIO.