POWERED BY MOMENTUM MEDIA
Cbus Super launches new investment options
The largest super fund for the building and construction industry, Cbus Super, has announced the launch of the new six investment options from next month.
The fund, which is currently targeting growth to $150 billion, would grow its investment options to 11 with the addition of a new Growth Plus option, a low-cost Indexed Diversified option, as well as options for overseas shares, Australian shares, property and diversified fixed interest.
Growth Plus would sit between Growth and High Growth portfolios while Indexed Diversified would reflect the demand for passive products within super and sit at the riskier end of the scale.
According to its chief investment officer, Kristian Fok, the new options were launched with the merger and corporate superannuation markets “specifically in mind”.
“We do see that a market, particularly in the corporate space, is there for a wider range of choice options. That’s why we have spent the last 12 months carefully constructing and testing our new menu of options for members,” he said.
Recommended for you
Future Group is set to take on nearly $1 billion in funds under management (FUM) and welcome more than 100,000 new members following two significant successor fund transfers.
Insignia’s Master Trust business suffered a 1.9 per cent dip in FUA in the third quarter, amid total net outflows of $1.8 billion.
While the Liberal senator has accused super funds of locking everyday Australians out of the housing market, industry advocates say the Coalition’s policy would only push home ownership further out of reach.
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.
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(%)
