POWERED BY MOMENTUM MEDIA
LGS adds 15 new ETFs
Responding to the growth of the exchange traded fund (ETF) market in the country, Local Government Super (LGS) has added 15 new ETFs to its DIY investment option.
This addition increases its number of ETFs available to 28.
LGS chief executive, Peter Lambert, said the addition was driven by members' desire for more choice and control, allowing them to further diversify their portfolios and providing easy access to these new opportunities.
"ETFs are a popular and effective investment option, combining the investment advantages of a managed fund with the ease and cost-effectiveness of share trading," Lambert said.
"We've been keeping a close eye on what's available with a view to opening this door for members who want to be more hands-on with their retirement savings."
Lambert noted members would be offered ETFs from providers such as Vanguard, Russell, and BetaShares.
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