POWERED BY MOMENTUM MEDIA
Vision Super calls for greater disclosures
Vision Super is the only Australian super fund to sign a letter to the Financial Accounting Standards Board on their revised Exposure Draft for the proposed Accounting Standards Update from investors worth of $1 trillion.
Stephen Rowe, Vision Super chief executive officer (CEO), said income and tax information are essential to gauge the risks of investing in a company.
“Environmental, social and corporate governance (ESG) isn’t just about environmental factors,” Rowe said.
“The social and governance factors are also very important for a company’s long-term performance, and long-term performance is what determines returns for Vision Super members.”
Rowe said consideration of ESG factors had been built into their full investment approach and they had been one of the earliest to the United Nations Principles of Responsible Investment, and participate in the Tax Engagement Group.
“Multinationals that have found themselves at odds with tax authorities in recent years include some big names like Amazon, Apple, Facebook, Google, McDonalds, Nike, Shell and Starbucks – a lot of Australians have money invested in these companies because of their super,” Rowe said.
“That’s why we signed the letter calling for greater disclosures – the proposals from the Financial Accounting Standards Board only propose to look at US vs non-US information, and we believe information at a country level is necessary to really understand the risks a company is taking, and how that might affect their performance in the long-term.”
Recommended for you
As market volatility persists, some super funds are pivoting defensively, while others are strategically positioning to capitalise on emerging opportunities.
New data has shown a progressive deterioration in risk appetite among instos even prior to Donald Trump’s latest round of tariffs.
UniSuper has reached “peak investment” in US assets and is now preparing to reassess its exposures amid ongoing sharemarket volatility.
Investors have slashed their US equity allocations to the lowest level on record, according to new data from Bank of America.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
