POWERED BY MOMENTUM MEDIA
JANA in, Russell out at Telstra Super
Telstra Super has handed JANA Investment Advisers its asset consulting mandate, supplanting Russell Investments in the role.
The mandate was announced by Telstra Super chief executive Martin Crowe, who said it followed an extensive selection process begun in November last year.
He said that review had been conducted by consultant Tom Babic, who had been tasked with reviewing only top tier asset consulting firms.
In announcing the change, Telstra Super said it ended a 15-year relationship with Russell as an asset consultant but that Russell would be continuing as the fund’s actuary.
AUTHOR
Mike Taylor
Recommended for you
First Nations Australians have faced systemic barriers accessing super, with rigid ID checks, poor service, and delays compounding inequality.
“Slow and steady” appears to be the Reserve Bank’s approach to monetary policy as the board continues to hold on to its wait-and-see method.
AFCA’s latest data has shown a decline in complaints relating to superannuation, but there is further work to be done, it has warned super funds.
Limited exposure to fossil fuel companies has positively impacted the performance of Australian Ethical’s balanced and growth funds, the super fund says.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom 465 Calder Road Calder
99.46 3 y p.a(%)
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
78.55 3 y p.a(%)
4
BetaShares Crypto Innovators ETF
50.39 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
47.50 3 y p.a(%)
