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Website tool to track super asset allocation
Energy Super has released a website tool that allows members to track which asset classes their super investment is going into.
The tool lets members see which particular properties, infrastructure, equities, government bonds and other assets their super is going into.
It also shows each asset class' managers, the funds underlying investments and value.
Energy Super CEO Robyn Petrou said the tool increases accountability and transparency.
"Members have been really surprised and interested to learn that their super is actually invested the Gold Coast Airport or Townsville Airport that they use, or the Brisbane CBD office buildings that their friends work in," Petrou said.
Petrou also said the tool is a way to get members engaged, as they no longer just see their super account as a lump of money but a portfolio of assets.
For the fund's Australian and international equities, each security is listed, with the number of units and market value as it stands at the most recent reporting period.
For fixed interest investments, each institution is listed along with the aggregated issuer value, rate and maturity range.
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