Super funds delivered strong returns for members over 2023, boosted by a share rally in the final quarter of the calendar year, according to the latest estimates from SuperRatings.
Focusing on infrastructure, property, private equity, and credit, the $160 billion super fund has told Super Review it expects to continue building its unlisted asset exposures, bolstered by its London office operations.
New analysis has found a $12.5 billion superannuation fund beat out some of Australia’s mega funds to deliver the top-performing growth option over the 2023 calendar year.
Australian Ethical’s funds under management (FUM) expanded 5 per cent from September to reach $9.67 bill
Super funds have seen a commendable calendar year result, erasing the 4.6 per cent loss seen in 2022 and positioning themselves significantly ahead of the typical long-term returns objective.
The $85 billion fund has announced a strong return for the last calendar year, but remains wary of what could be turbulent tides ahead.
The $14 billion fund has announced it will be parting ways with Mercer after more than a decade, opting for a new outsourced administrator.
On the back of an impressive calendar year 2023 result driven by strong sharemarket investments, MLC Asset Management tells Super Review it has flagged bright spots in areas like emerging markets and unlisted assets.
According to an industry professional, there are big transformations on the radar for superannuation technology in 2024 that will redefine how Australians plan and navigate their retirement.
HESTA has urged corporate Australia to enhance its commitment to robust gender diversity.