POWERED BY MOMENTUM MEDIA
Superhero Super expands managed investment options
Trading and superannuation platform Superhero has announced new managed investment options for its super members.
This would give members of Superhero Super, which was launched in July 2021, increased flexibility over where their super was invested beyond the default.
Previously, members of Superhero Super had a minimum 25% of their super automatically invested in the Global Balanced Index Portfolio Managed Investment Option. However, they would now be able to choose from three options.
These were:
- Global Balanced Index Portfolio
- Global Growth Index Portfolio
- Global High-Growth Index Portfolio
The default investment option when signing up for a Superhero Super account would remain the Global Balanced Index Option however members would be able to change this via their accounts.
John Winters, CEO and co-founder of Superhero said: “Superhero Super was built on the goal of offering Australians greater control and transparency over how their hard earned retirement savings are invested. The addition of new portfolios is in response to member demand and is a feature we’ve had in the works for a while.
“Keeping our members at the heart of everything we do at Superhero has been key to our success in the market over the last two years. We’ll continue adding new features to our platform to ensure that our customers have the best possible experience growing their wealth with Superhero.”
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
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(%)
