To reflect its investor-focused approach, Industry Funds Management will now be known as IFM Investors.
According to IFM Investors chief executive Brett Himbury, the name change is symbolic of its shareholders' foresight in establishing an investor-owned model that has grown into a global funds management company.
He said Industry Funds Management would continue to play an important part of the business' strategy.
"Our investment strategy stays the same. We continue to prioritise outcomes for investors by growing our investment capability, investing in key internal functions and improving service delivery capabilities," he said.
IFM Investors is owned by 30 major superannuation funds and invests on behalf of five million Australian superannuation fund members.
New research has shown that investing in alternative assets and using active management has, to this point, delivered strong results for Australian super funds.
Australia’s $4 trillion superannuation industry is fundamentally reshaping the nation’s external accounts, setting the stage for a more sustainable current account surplus despite weaker commodity markets.
Rest has expanded its portfolio of renewable energy infrastructure by supporting a Victorian solar farm and battery project.
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.