POWERED BY MOMENTUM MEDIA
ART signs MOU with Alcoa Super
Australian Retirement Trust has signed a memorandum of understanding with Alcoa Super.
This was the third merger announcement made by the fund since the start of the year as the fund targeted achieving $500 billion by 2030.
The two funds would now commence a comprehensive due diligence process, and any potential merger, via a successor fund transfer (SFT), will only progress if both funds determine that doing so would be in each of their members’ best interest.
Alcoa Super had more than 5,000 members and $2 billion in funds under management.
ART chief executive, Bernard Reilly, said: “Our merger last year to become Australian Retirement Trust was really just the starting point and laid the foundation for our future growth strategy,
“Over the last year alone, we’ve increased our member numbers by more than 200,000 and
our funds under management by $40 billion.
“Mergers and transitions are just one aspect of our growth channels, which also include
pursuing growth through member direct and retail financial advisers.”
The two other MOUs that ART was working on was AvSuper, which had previously looked to merge with CSC, and Commonwealth Bank Group Super.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Recommended for you
AMP’s strong 2024–25 returns were anything but a fluke – they were the product of a carefully recalibrated investment strategy that began several years ago, when the fund first became truly cognisant of its shortcomings.
ASIC is “considering what options” it has to hold super trustees to account for including the failed schemes on their platforms, according to its deputy chair.
Vanguard Super has reported strong returns across most of its investment options, attributed to a “low-cost, index-based approach”.
The fund has achieved double-digit returns amid market volatility, reinforcing the value of long-term investment strategies for its members.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom 465 Calder Road Calder
99.46 3 y p.a(%)
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
78.55 3 y p.a(%)
4
BetaShares Crypto Innovators ETF
50.39 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
47.50 3 y p.a(%)
