POWERED BY MOMENTUM MEDIA
REI Super retains Ibbotson
Industry super fund REI Super has retained Ibbotson Associates to its investment consulting mandate for another three years.
It comes after a thorough due diligence process, which was assisted by SuperRatings.
Chief executive of REI Super Mal Smith said Ibbotson and the super fund have had a relationship for more than a decade.
During this time, Ibbotson helped the fund create the Premium Income option, which is a low-volatility investment option for those entering retirement or who are over 55 years.
The Morningstar Investment Management group, to which Ibbotson belongs, had around US$169 billion in assets under advisement and management at 30 September 2014.
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(%)
