Su­per­fund’s big re­turns

Port Douglas & Mossman Gazette - - BUSINESS - Shane Ni­chols

LOAD­ING up on in­ter­na­tional shares el­e­vated the re­turns for AustSafe Su­per, an in­dus­try su­per­an­nu­a­tion fund which claims to be the only in­dus­try su­per fund ded­i­cated to ru­ral and re­gional Aus­tralia.

It did so well that it is among the top per­form­ing funds for 2013, rack­ing up gang­buster re­turns in some of its funds which posted as much as 19.90 per cent gains in one year.

The lat­est su­per­an­nu­a­tion fund Cred­it­ing Rate Sur­vey re­leased by Su­perRat­ings named AustSafe Su­per’s MySu­per (Bal­anced) In­vest­ment Op­tion for In­dus­try and Per­sonal Su­per among the Top 10 Per­form­ing Su­per Funds for 2013 with a strong re­turn of 18.46 per cent for the year ended De­cem­ber 31, 2013.

Im­pres­sively, this per­for­mance is not just over the short term, with the MySu­per (Bal­anced) In­vest­ment Op­tion pro­vid­ing a 10-year av­er­age re­turn of 7.42 per cent per an­num De­cem­ber 31.

This per­for­mance is also re­flected in the av­er­age re­turn to June 30, 2013 of 9.27 per an­num since in­cep­tion of the in­vest­ment op­tion on Au­gust 31, 1988.

The Bal­anced In­vest­ment Op­tion for Pen­sion ac­counts re­turned 19.90 per cent for the year ended De­cem­ber 31, 2013.

AustSafe Su­per chief ex­ec­u­tive Craig Stevens said ‘‘we have achieved such a strong per­for­mance in a pe­riod where mar­kets have re­mained uncer­tain. This con­sis­tent per­for­mance is tes­ta­ment to a hard­work­ing su­per fund,’’ he said.

‘‘The fund dur­ing the early part of the year in­creased its al­lo­ca­tion to in­ter­na­tional shares, which helped to achieve strong re­sults for the mem­bers as in­ter­na­tional shares out­per­formed all other as­set classes.

‘‘Su­per is a 40-plus year in­vest­ment and as an in­dus­try su­per fund we aim to achieve con­sis­tent strong in­vest­ment re­turns over the longer term as demon­strated by our ‘since in­cep­tion’ re­turn of 9.27 per cent for the MySu­per (Bal­anced) In­vest­ment Op­tion,’’ Mr Stevens said.

He said AustSafe Su­per is the only in­dus­try su­per fund ded­i­cated to ru­ral and re­gional Aus­tralia, and has been look­ing af­ter the re­tire­ment sav­ings of mem­bers for over 25 years.

Su­perRat­ings is an in­de­pen­dent rat­ings agency that re­ports on su­per fund in­vest­ment re­turns, bench­marks su­per funds and pen­sion funds, and ranks su­per funds based on in­vest­ment per­for­mance, fees, in­surance op­tion­sPrain­ntedd n -sdiust­priebru­a­tendn tNioewn­sp­saepre­vrDi­cireesct.

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