Professional Associations Super (PAS) has attributed its strong returns to a solid governance structure and an investment strategy that avoids complex and unlisted assets.
“We actively invest in a diversified portfolio of traditional exposures — in particular, equities and bonds — and have generally sought to avoid many of the more complex and unlisted assets that have proliferated across industry super fund portfolios in recent years,” said PAS chief investment officer Paul Kessell
The PAS growth option generated a return of 11.2 per cent in the 2011-12 financial year.
With $1.8 billion in current funds under management (FUM), Kessell said PAS was outperforming funds that were significantly larger.
PAS chief executive Megan Bolton said that the fund’s low-cost structure also contributed to the growth option’s strong returns.
The fund plans to grow its FUM to $3 billion by 2012, both organically and through mergers and acquisitions.
PAS has more than 440,000 members across Australia, and its divisions include RecruitmentSuper, Accountants Super, Australian Enterprise Super and SMARTpension.
