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GESB passes $11 billion in FUM
GESB has passed $11 billion in funds under management (FUM), which it has almost doubled in the past five years from a level of $5.76 billion in October 2005.
GESB chief executive officer Michele Dolin said the result reflected the solid performance of the organisation in recent years and a quick return to a positive position after the global financial crisis.
"During the past year, few funds have performed as solidly as GESB, which ranks in the top 10 of superannuation providers in Australia. GESB has also joined an elite group of 15 Australian super funds ranked in the top 300 funds in the world for 2009," Dolin said.
"GESB continues to focus on accessible and affordable financial education and advice services for our 320,000 members in metropolitan and regional Western Australia," she said.
"GESB's ambition is to increasingly diversify its investments, with a strong focus on strong performance and delivering sound returns for its members over the long term."
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