Hostplus has introduced three new sector specific investment options for members and self-managed superannuation fund investors.
The superannuation fund said the three new options would provide members and investors with more diversity and less asset and manager concentration risk.
The Diversified Fixed Interest – Indexed option would invest in Australian and international government bonds and other investment grade debt.
“It’s designed for members looking to minimise fees. It uses an indexed-enhanced strategy based on an established market index and then seeks to add modest value by exploiting market inefficiencies. This option aims to provide capital stability and a return above cash over a market cycle,” Hostplus said.
The second option, the Australian Shares – Indexed option, would invest in companies listed on the Australian Securities Exchange (ASX).
“It’s designed for members looking to minimise fees. It uses an indexed-enhanced strategy based upon an established market index and then seeks to add modest value by exploiting market inefficiencies.”
This option would aim to achieve capital growth and income growth via dividends over the long term.
Finally, the International Shares – Emerging Markets option would invest in companies listed on international stock exchanges within emerging market countries.
The International Shares – Emerging Markets option would be actively managed and would aim to outperform the market by selecting which companies to buy and sell, achieving capital growth and income growth via dividends over the long term.
Hostplus was expected to merge with Statewide Super on 29 April, providing more investment options to Statewide members.
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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