POWERED BY MOMENTUM MEDIA
UniSuper officially opens to all
UniSuper has surpassed the $100 billion in funds under management (FUM) milestone as it opens to members outside the higher education sector on Monday.
Kevin O’Sullivan, UniSuper chief executive, said: “Today is a momentous occasion for the fund. Hitting $100 billion in FUM, including over $12 billion in our sustainable options, as we open our doors to all Australians, marks a significant milestone for UniSuper.
“The continued growth and popularity of our three sustainable investment strategies along with the exceptional investment returns of almost 50% from our unique Global Environmental Opportunities option have contributed to the fund hitting this key milestone.
“There has been a tremendous amount of work in the build-up to today, and we’re thrilled to finally bring our award-winning range of services and investments to a wider audience, while continuing to offer the same excellent service our existing members have come to expect.”
O’Sullivan said since announcing it would open to a wider market in early May, the response from existing members was positive.
“This is a real testament to our member focus, consistent strong performance and low fees,” O’Sullivan said.
“This powerful combination, and our growing scale, will be even more important as regulatory change and industry consolidation continue to reshape the super sector.
“It’s been a real honour to lead this wonderful organisation over the last eight years and I’m very proud of the many successes achieved.
“Opening the fund more broadly signifies an exciting new chapter for UniSuper, and this is just the beginning.”
Recommended for you
In a recent statement, Shadow Assistant Minister for Home Ownership and Liberal Senator for New South Wales, Andrew Bragg, accused 'Big Super' of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
A “concerning” number of Aussies don’t know what they pay in super fees, a young super fund has said.
The corporate regulator has shared some ‘disappointing’ findings upon reviewing the public communications of more than 20 trustees with regards to death benefits.
According to the industry body, funds should have an obligation to transfer members in failing products to better-performing products in a timely way.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
62.62 3 y p.a(%)
3
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.95 3 y p.a(%)
4
Acadian Global Equity Long Short Class A
32.82 3 y p.a(%)
5
CFS FC Acadian Global Equity Long Short
32.44 3 y p.a(%)
Add new comment