POWERED BY MOMENTUM MEDIA
Superhero Super expands managed investment options
Trading and superannuation platform Superhero has announced new managed investment options for its super members.
This would give members of Superhero Super, which was launched in July 2021, increased flexibility over where their super was invested beyond the default.
Previously, members of Superhero Super had a minimum 25% of their super automatically invested in the Global Balanced Index Portfolio Managed Investment Option. However, they would now be able to choose from three options.
These were:
- Global Balanced Index Portfolio
- Global Growth Index Portfolio
- Global High-Growth Index Portfolio
The default investment option when signing up for a Superhero Super account would remain the Global Balanced Index Option however members would be able to change this via their accounts.
John Winters, CEO and co-founder of Superhero said: “Superhero Super was built on the goal of offering Australians greater control and transparency over how their hard earned retirement savings are invested. The addition of new portfolios is in response to member demand and is a feature we’ve had in the works for a while.
“Keeping our members at the heart of everything we do at Superhero has been key to our success in the market over the last two years. We’ll continue adding new features to our platform to ensure that our customers have the best possible experience growing their wealth with Superhero.”
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Recommended for you
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.
Big business has joined the chorus of opposition against the proposed Division 296 tax.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
