POWERED BY MOMENTUM MEDIA
Will the election pass super funds by?
The Federal Election may have less impact on super funds than usual if the effects of the Budget are anything to go by, as Treasurer Josh Frydenberg’s announcements two weeks ago went largely unnoticed by both markets and the superannuation industry.
Superannuation returns had not been heavily impacted by the Budget, as the market had already anticipated many of the tax and infrastructure spending measures. Furthermore, superannuation’s usual status as a political football in Budgets went unfulfilled and is unlikely to be a major election issue.
“The federal budget delivered no surprises either for markets or for the super industry,” SuperRatings executive director Kirby Rappell, said. “This is not a bad thing, because often the best thing a government can do is leave super alone.”
Rappell flagged however, that Labor’s proposed changes around contribution caps and imputation credits would be a focus of the election for the self-managed portion of the sector, as they would have a “significant impact” on SMSFs.
Rather that the election impacting retirees over the next few months, Rappell thought that the biggest impact would come from the combined effects of weakening share market performance and falling house prices.
Recommended for you
Governor Bullock took a more hawkish stance on Tuesday, raising concerns over Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
