ING DIRECT Living Super has expanded its investment menu off the back of investor and adviser demand.
It has expanded the numbers of shares available on its investment menu, extending the share trading platform to include securities within the S&P/ASX300 index and adding 26 additional funds to the exchange traded funds (ETF) menu.
ING DIRECT said according to CoreData research, the appetite for share trading through superannuation is growing year on year, with more than 70 per cent of retail superannuation investors saying they are interested in using ETFs, listed investment companies and direct share trading options.
ING DIRECT's head of third party distribution, Mark Woolnough, said "investors are increasingly looking for control of their superannuation, which asset classes like direct share trading and ETFs offer".
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
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