POWERED BY MOMENTUM MEDIA
Telstra Super introduces new investment option
Telstra Super has launched what it is describing as a ‘Defensive Growth’ option, claiming it will allow members to respond to sudden changes in the financial climate.
Telstra Super chief executive Martin Crowe said the new option, launched on 1 July, was structured to give more flexibility to members whose appetite for risk in the short to medium term might have diminished but who still wanted to participate in capital growth through exposure to growth assets.
The fund’s chief investment officer, Jim Christensen, said the option’s structure was its biggest point of difference. He said Defensive Growth was built on a foundation of broader and more flexible asset allocation ranges, enabling more fluid adjustments as potential performance variances between asset classes were taken into consideration.
The option is targeting growth of CPI plus 2 per cent over an investment time frame of two to six years, and is made up of 50 per cent growth assets and 50 per cent financial assets.
AUTHOR
Mike Taylor
Recommended for you
“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.
The major bank has announced that real-time super payments will soon be available to all QuickSuper employers ahead of the looming payday super regime.
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(%)
