POWERED BY MOMENTUM MEDIA
Cbus Super launches new investment options
The largest super fund for the building and construction industry, Cbus Super, has announced the launch of the new six investment options from next month.
The fund, which is currently targeting growth to $150 billion, would grow its investment options to 11 with the addition of a new Growth Plus option, a low-cost Indexed Diversified option, as well as options for overseas shares, Australian shares, property and diversified fixed interest.
Growth Plus would sit between Growth and High Growth portfolios while Indexed Diversified would reflect the demand for passive products within super and sit at the riskier end of the scale.
According to its chief investment officer, Kristian Fok, the new options were launched with the merger and corporate superannuation markets “specifically in mind”.
“We do see that a market, particularly in the corporate space, is there for a wider range of choice options. That’s why we have spent the last 12 months carefully constructing and testing our new menu of options for members,” he said.
Recommended for you
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
73.88 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment