POWERED BY MOMENTUM MEDIA
Super fund adds ethical index
Christian Super has announced that as the first superannuation fund in Australia it will offer an ethically-screened index shares investment option.
The new index, the Ethical Index Shares, would comprise of 50 per cent Australian shares and 50 per cent international shares, with an annual investment fee of 0.30 per cent and indirect cost ratio of 0.08 per cent.
Also, Christian Super announced the launch of its new Ethical Growth Plus investment option, with an 84 per cent allocation to growth assets, with an investment objective of 3.5 per cent above inflation over a 10-year period.
Additionally, 12 per cent of the assets in this option would be allocated to impact investments.
“This new investment option provides low-fee equity exposure while continuing to incorporate our signature ethical screens,” Christian Super’s chief executive, Ross Piper, said.
“We’re really pleased that we’ve been able to respond top feedback from financial advisers who have values-aligned clients looking for this kind of option from their superannuation fund.”
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(%)
