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
Super funds had a “tremendous month” in November, according to new data.
Australia faces a decade of deficits, with the sum of deficits over the next four years expected to overshoot forecasts by $21.8 billion.
APRA has raised an alarm about gaps in how superannuation trustees are managing the risks associated with unlisted assets, after releasing the findings of its latest review.
Compared to how funds were allocated to March this year, industry super funds have slightly decreased their allocation to infrastructure in the six months to September – dropping from 11 per cent to 10.6 per cent, according to the latest APRA data.
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
31.73 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
30.15 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.71 3 y p.a(%)
