POWERED BY MOMENTUM MEDIA
Industry Super Network expands joint marketing campaign
Newly merged fund Energy Super has reaffirmed its connection to the Industry Super Network (ISN) by joining its joint marketing campaign.
According to Energy Super chairman Bob Henricks, the move is part of the fund’s plan to retain existing members, attract new members and bolster funds under management.
Energy Super was formed on 1 April this year from the merger of ESI Super and SPEC Super, which was previously involved in the joint marketing campaign.
“Energy Super and the Industry Super Network … share the same philosophies and principles, and we look forward to working together to promote the benefits of industry super funds and advocating on behalf of our members,” Henricks said.
ISN deputy chief executive Alison McIvor said she welcome Energy Super to the fold, as it would further enhance the ISN’s ability to advance the sector and interests of industry super fund members.
Energy Super is a $3.8 billion industry super fund with 45,000 members.
AUTHOR
Ashleigh McIntyre
Recommended for you
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
