POWERED BY MOMENTUM MEDIA
VicSuper improves investment flexibility for members
VicSuper has launched member direct investment options and switched to daily unit pricing to facilitate flexibility in members' choice of investment.
Its Australian Shares option invests in listed companies on the Australian Stock Exchange (ASX) and utilises investment managers that integrate environmental, social and governance factors into their investment process.
Members can source term deposits through the fund's relationship with NAB on a three, six, nine or 12-month term.
The fund's move to daily unit pricing at the start of the year will facilitate flexibility in switching investment options for VicSuper members from February onwards, it said.
"Daily unit pricing will place VicSuper in a strong position to tackle future challenges and will ensure greater efficiencies and transparency are delivered to members," VicSuper chief executive Michael Dundon said.
"We're pleased to expand our range of investment options. By providing greater choice and control for our members, we aim to help them achieve the best possible outcome for their retirement."
VicSuper moved from monthly credit rates to daily unit pricing to increase transparency in its pricing methodology.
A 2011 SuperRatings report found that 71 per cent of super funds in Australia used unit pricing to apply investment returns to member accounts, with 29 per cent opting for credit rates, VicSuper said.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Private market assets in super have surged, while private debt recorded the fastest growth among all investment types.
The equities investor has launched a new long-short fund seeded by UniSuper, targeting alpha from ASX 300 equities using AI insights.
The fund has strengthened efforts to boost gender diversity, targeting 40:40:20 balance across its investment teams by 2030.
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
