Vision Super doubles FUM to $10 billion

Industry super fund Vision Super yesterday hit $10 billion in funds under management (FUM), doubling its size in the last five years.

The fund put the growth down to organic growth and strong returns, noting that its default balanced growth option had repeated the median over the last one, three, five and seven years.

Vision Super chief executive, Stephen Rowe, said that the fund was looking to continue its upward growth.

“We’re looking to grow significantly over the next few years - $10 billion is a nice milestone, but I’m hoping we hit some even bigger ones in the near future,” he said.

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