LGS boosts FUM by $1billion in 11 months
Local Government Super (LGS) has accrued $11 billion funds under management (FUM), just 11 months after it hit $10 billion last April, suggesting a growing appetite amongst Australians for long-term sustainable investment.
LGS chair, Bruce Miller, said that the performance of the fund showed that sustainably investing has clear commercial benefits.
“The strong performance of the fund across various asset classes demonstrates that responsible, sustainable investment makes real commercial sense,” he said.
“The market is quickly catching up to the fact that long-term growth sectors that support positive social or environmental change are the same sectors that will ultimately deliver lasting and reliable returns – a truly win-win scenario.”
LGS held investments in Australian and international shares, property, infrastructure, private equity, fixed interest and absolute return asset classes.
The fund said that over the past year, its in-house property fund, international shares and private equity in particular had positively contributed to its growing FUM.
Recommended for you
Super trustees need to be prepared for the potential that the AI rise could cause billions of assets to shift in superannuation, according to an academic from the University of Technology Sydney.
AMP’s superannuation business has returned to outflows in the third quarter of 2025 after reporting its first positive cash flow since 2017 last quarter.
The major changes to the proposed $3 million super tax legislation have been welcomed across the superannuation industry.
In holding the cash rate steady in September, the RBA has judged that policy remains restrictive even as housing and credit growth gather pace.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
215.17 3 y p.a(%)
2
Lakehouse Small Companies
152.92 3 y p.a(%)
3
Loftus Peak Global Disruption Fund Hedged
118.15 3 y p.a(%)
4
Global X 21Shares Bitcoin ETF
75.00 3 y p.a(%)
5
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
61.11 3 y p.a(%)
