POWERED BY MOMENTUM MEDIA
QSuper and Sunsuper merger date set
Industry funds QSuper and Sunsuper have set a revised merger date for November 2021.
The merger was announced earlier this year with Sunsuper chief executive, Bernard Reilly, to be the new chief executive.
A spokesperson for Sunsuper said: “Since signing the heads of agreement in March, we have progressed our plans to create a $200 billion superannuation fund, headquartered in Queensland, open to all Australians.
“To ensure the success of our planned merger, we have revised the target merger date to November 2021.
“This is six weeks later than the original objective announced in March, a reflection of the size, scale and complexity of the transaction which is intended to benefit two million members.
“Trustees of each fund believe this is in the best interests of our combined membership, to ensure a seamless experience.”
Recommended for you
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
76.97 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
76.46 3 y p.a(%)
3
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
51.13 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
45.15 3 y p.a(%)
5
Select Baker steel Gold Institutional
43.78 3 y p.a(%)
