Investment Strategy

AustralianSuper achieves 9 bps cost for internal equities

AustralianSuper has achieved costs of only 9 basis points on its internally run domestic equities portfolio, two years after it first launched. In a presentation on internal management at AIST ASI on the Gold Coast, Peter Curtis, head of investment operations at the $90 billion fund, told how this figure would decrease once the global […]
Industry View

AIST viewpoint: Aboriginal access to super

Remote indigenous Australians are having a poor experience in getting their superannuation entitlements. Tom Garcia, chief executive of the Australian Institute Of Superannuation Trustees, calls on superannuation funds to make a difference. There was plenty of discussion around the opening up of China’s equity markets, finding value in emerging markets and whether another “Lehman” moment […]
Hedge Funds

Product dashboards to reveal fund rankings

Super funds may soon have to display industry average fund performance and fees on their MySuper product dashboards. Speaking at the AIST ASI conference in Alice Springs, Alex Purvis, senior manager for superannuation at ASIC, revealed consumer testing of the proposal had proved popular and that the Treasury would now decide on whether to require […]
Hedge Funds

QSuper spreads word on peer unaware benchmarks

QSuper used two sessions at the AIST ASI conference to explain its shift away from peer-benchmark investing, following its move to cohort strategies earlier this year. Greg Hall, portfolio manager at QSuper, spoke of how messages of future projected adequacy of income in retirement from the fund outweighed any other information members received. Research of […]
Hedge Funds

Only one fund saving millions through tax efficiency

This week marks the two year anniversary of Qantas Super becoming the first Australian superannuation fund to implement tax managed centralised portfolio management. Last year it saved $23.6 million for members in its default fund – a figure similar to the year before, or an average of 38.3 basis points per year since it launched […]