POWERED BY MOMENTUM MEDIA
Professional Associations Super spruiks low-cost approach
Professional Associations Super achieved a net return of 10.8 per cent for its default growth option for the year to 30 June 2010 by taking a low-cost approach and focusing on traditional asset classes, placing it in the top quartile of industry super funds with similar risk profiles, the fund has announced.
Professional Associations Super chief investment officer Paul Kessell said the performance was due to a clearly defined investment strategy and focus on risk management.
“We actively invest in a diversified portfolio of traditional exposures — in particular, equities and bonds — and generally avoid many of the more complex and unlisted assets that have proliferated across industry super fund portfolios in recent years,” he said.
The fund’s annual investment fee of less than 0.4 per cent is below the industry super fund average, he said.
“It proves that it is about having the right skills, process and investment governance, rather than the size of the fund, that are the critical factors.”
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
96.54 3 y p.a(%)
2
DomaCom DFS Mortgage
85.26 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(%)
