Industry super fund Vision Super yesterday hit $10 billion in funds under management (FUM), doubling its size in the last five years.
The fund put the growth down to organic growth and strong returns, noting that its default balanced growth option had repeated the median over the last one, three, five and seven years.
Vision Super chief executive, Stephen Rowe, said that the fund was looking to continue its upward growth.
“We’re looking to grow significantly over the next few years - $10 billion is a nice milestone, but I’m hoping we hit some even bigger ones in the near future,” he said.
Insignia’s Master Trust business suffered a 1.9 per cent dip in FUA in the third quarter, amid total net outflows of $1.8 billion.
While the Liberal senator has accused super funds of locking everyday Australians out of the housing market, industry advocates say the Coalition’s policy would only push home ownership further out of reach.
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.
As institutional investors grapple with shifting sentiment towards US equities and fresh uncertainty surrounding tariffs, Australia’s Aware Super is sticking to a disciplined, diversified playbook.