POWERED BY MOMENTUM MEDIA
Club Plus chooses term deposits over shares
Club Plus Super chief executive Paul Cahill said superannuation members nearing retirement were unhappy with high allocations to shares in their super funds.
They require alternative investment options like term deposits, he said.
Cahill said CoreData research that surveyed Australia's wealthiest investors found Australian shares had lost favour.
"This research confirms what we've been hearing from many of our members nearing retirement for some time, share markets are simply not delivering the performance they require to meet their retirement goals," he said.
Cahill said Club Plus offers members the option of 'locking-in' returns by investing in term deposits.
"We empower our members with superior investment options that achieve the best path for their working lives and retirement," he said.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
Fund managers remain hopeful for a Chinese revival story despite the “disappointing” stimulus package announced this week.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
