POWERED BY MOMENTUM MEDIA
Sunsuper chooses GBST for after-tax performance measurement
Sunsuper has chosen GBST to provide after-tax performance measures for two of the superannuation fund's Australian equities mandates.
The partnership supports Sunsuper's recent move to an after-tax performance objective based on underlying S&P/ASX pre-tax indices for its Australian equities mandates.
Sunsuper previously used the Association of Superannuation Funds of Australia (ASFA) FTSE benchmark but has moved to a customised benchmark with GBST after a 12-month consultation period.
Sunsuper's portfolio manager for Australian equities and hedge funds Bruce Tomlinson said it was a major decision that aligned with current market trends.
GBST Quant Division's Kathy Taylor-Hoffman said customised after-tax solutions aligned better with fund managers that used the S&P benchmark.
Taylor-Hoffman said clients often started using after-tax benchmarks before incorporating after-tax considerations more fully into their processes.
She said GBST's customisable after-tax services were directly contributing to the current appeal of the after-tax investment approach.
"We are delighted to be working with one of the earliest adopters of an after -tax performance measurement regime and enabling the evolution to a customisable after-tax benchmarking environment which we believe is more aligned with the fund manager's investment processes," she said.
GBST already provides after-tax services for a range of super funds and fund managers including Unisuper, Cbus and Warrakirri Asset Management.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Governor Bullock took a more hawkish stance on Tuesday, raising concerns over Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
