POWERED BY MOMENTUM MEDIA
Equity Trustees appointed as super trustee of ASF
Equity Trustees Superannuation (ETSL) has announced it has been appointed as independent super trustee of The Aracon Superannuation Fund, overseeing $400 million master trust.
Prior to this announcement, Equity Trustees had been appointed as super trustee of HUB’s Super Fund, AMP Life’s superannuation funds and by AIA to oversee their superannuation funds.
“We are really pleased to see a further appointment for our superannuation trustee business. There is no question this is a growth part of our specialist trustee business and there is strong interest in our credentials as pure independent professional trustee with scale and capability to deal with any level of complexity,” said Equity Trustees’ managing director, Mick O’Brien.
Equity Trustees said the goal was to become the preferred independent trustee for Australian super funds, by building out its technical and professional capabilities.
Executive general manager of Equity Trustees’ superannuation trustee office, Mark Blair, said: “The appointment to act as trustee for the Aracon Superannuation Fund is another great addition to our rapidly growing superannuation trustee business. We look forward to working towards ensuring the best member outcomes can be achieved now and, in the future”.
Recommended for you
Investors have slashed their US equity allocations to the lowest level on record, according to new data from Bank of America.
The message from experts in international trade and economists is that the Australian government should refrain from retaliating with reciprocal tariffs.
The market correction forecast by AMP’s chief economist is in full swing, with three weeks of turbulence culminating in significant losses on Tuesday.
Following a strong risk appetite in January, institutional investors have pulled back in February, with risk-seeking activity dropping to zero amid a decline in equity allocations.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
