Industry fund Cbus has posted its strongest investment result in five years, achieving 16.15 per cent for its default growth investment option Cbus Choice.
Its results for the 2012 financial year also showed a 12.65 per cent return for Cbus Property, the fund's wholly-owned subsidiary.
The year has seen Cbus embark on a suite of infrastructure and property investments including developments in South Australia and Queensland, and investments in Port Botany and Port Kembla.
"Cbus is proud of the strong return achieved this financial year; however the investment environment remains difficult, both globally and in Australia, and the challenge remains to meet our investment objectives for members," Cbus chief executive David Atkin said.
Next year marks the first time the fund will report on environmental, sustainable and governance (ESG) issues, applying the Global Reporting Initiatives (GRI) framework to the National Trustee Office.
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
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