Statewide Super's MySuper default investment option has been rated as the top performer nationally over three years in the SuperRatings annual SR50 MySuper Index, with a rolling three-year return of 10.42 per cent after fees and tax.
The industry median for MySuper investment options stood at 8.41 per cent.
Chief executive, Richard Nunn, said the performance was on the back of strong returns from our managers in Australian shares, unlisted core property and infrastructure.
"Our pension investment options have also performed well, with six options ranking in the top quartile over three years," he said.
The next best performer in the index was UniSuper Accumulation — MySuper Balanced, returning 10.22 per cent, while corporate MySuper fund, Rio Tinto MySuper — Growth returned 9.43 per cent over the rolling three year period.
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
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