AustSafe Super outperforms market on ten-year returns

The superannuation fund for rural and regional Australia, AustSafe Super, has been recognised as the top performing super fund over the last ten years, according to a report by independent research and ratings agency, SuperRatings.

The Fund’s MySuper (Balanced) Investment Option returned 7.99% p.a.* over ten years to 30 September 2018, leading the balanced category which was dominated by profit-to-member funds. The MySuper (Balanced) Investment Option also performed well over five years, returning 9.39% p.a.* for its members and ranked in the top ten in the balanced category.

AustSafe Super chief executive officer, Craig Stevens, credits the strong result to the Fund’s commitment to investing in a well-diversified and actively-managed portfolio of assets including real assets.

“Active management of the portfolio is the main contributor to delivering strong returns above the market. Our investment decisions are consistent with our belief in active management and are informed by our market expectations,” he said.

The Fund’s strong investment performance follows the announcement that the Fund has signed a Successor Fund Transfer Deed with fellow Queensland-based multi-industry super fund, Sunsuper, which authorises a merger of the two funds with a target date of early 2019. The combined fund makes it one of the nation’s biggest superannuation funds, with more than $58 billion in funds under management, 130,000 employers and 1.4 million members.

Now in its 30th year of operation, AustSafe Super is the industry super fund for rural and regional Australia and looks after more than 100,000 members with over $2.5 billion funds under management. In 2018, AustSafe Super was awarded Money magazine’s ‘Best Growth Super Fund for 2018.

ENDS

Disclaimer:
Past performance is not a reliable indicator of future performance.
*Return is the rate of investment earnings net of investment fees and taxes on earnings. This does not reflect administration fees deducted monthly from member accounts, which are currently $2.30 per week and 0.15% pa of the first $500,000 of account balances.
1SuperRatings Fund Crediting Rate Survey – SR50 Balanced (60–76) Index – September 2018.
The information contained in this media release is factual information only. It is important to read the AustSafe Super Product
Disclosure Statements (PDS) available at austsafe.com.au before you make an investment decision. Austsafe Pty Ltd ABN 96 010528 597, AFSL 314183 is the Trustee of AustSafe Super ABN 92 398 191 503.