AustSafe Super recognised as a top performing fund
AustSafe Super has been announced as the second top performing superannuation fund for the 12 months to December 2017, with a 13.5% return for the year, according to a report by leading research and consultancy firm, Chant West.
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 $2.4 billion funds under management. The Chant West report also shows industry funds outperformed retail funds in median returns over the year, returning 11.6% compared to 10%, and hold the advantage over the medium to longer term – ahead by between 0.7% per annum over the 10 year period; and 1.5% per annum over the 3 year period.
AustSafe Super’s chief executive, Craig Stevens, said the result was testament to the Fund’s active approach with strong returns from property and an overweight to unhedged international equities.
“This is a particularly strong result for the Fund despite some challenging market conditions, such as the anticipated fallout from Brexit, the timing of further interest rate increases from the US Federal Reserve, and the potential for ongoing risks with North Korea.
“Given these factors, it’s a tremendous result from the AustSafe Super team and further validates our aim of delivering returns to our members, which will help them achieve financial security when they need it the most – in their retirement,” he said.
The Fund’s strong performance has been evidenced by recent award wins, including being announced as the winner of the Best Growth Super Fund in Money Magazine’s Best of the Best Awards for 2018, as well as being a finalist in the Rainmaker Selecting Super Awards’ Innovation Award for Millennial Superannuation.