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
The Federal Court has ordered AustralianSuper to pay $27 million for failures to address multiple member accounts.
The country’s fourth-largest fund is targeting the “missing middle” of members with a new digital advice service in partnership with Ignition Advice.
The prudential regulator confirmed it is considering BUSSQ’s Federal Court appeal.
The Albanese government has put forward a bold proposal to tackle the challenges of Australia’s swelling retirement pool, in an effort to allow superannuation funds to play a more active role in shaping members’ retirement outcomes.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.78 3 y p.a(%)
3
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
30.80 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
28.31 3 y p.a(%)
