Super risk

ACCORDING to one industry superfund, members are now willing to dip their toes in higher return, riskier investments, following a strong rebound in domestic and international share markets.

The Australian Stock Exchange’s S&P/ASX 300 index has bounced back from its dramatic slide of 2008-09 to record a 15.7 per cent increase in the three months ending August 20, 2009. The benchmark MSCI World ex-Australia Hedge index has risen a healthy 11.9 per cent in the same period.

Intrust Super CEO Brendan O’Farrell, says the more positive investment outlook had been noted by fund members, who were once again looking to the riskier environment of share markets as an investment option.

“Since May there has been a consistent increase of almost 130 per cent in the number members switching from cash to equity-linked options,” says O’Farrell, whose members hail mainly from the hospitality, tourism and retail sectors.

*Around 75 per cent Intrust Super members are in the fund’s default investment option, with the remaining 25 per cent of members spread across its other asset class investment options.

Get our daily business news

Sign up to our free email news updates.

 
Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

Anne Ward named new chair of The Star as David Foster joins leadership exodus

Anne Ward named new chair of The Star as David Foster joins leadership exodus

The revolving door of leadership at The Star Entertainment Group (A...

Adore Beauty CEO Tamalin Morton to resign for personal reasons

Adore Beauty CEO Tamalin Morton to resign for personal reasons

Online cosmetics retailer Adore Beauty (ASX: ABY) has announced its...

Nick Scali shares reach all-time high following UK expansion plans

Nick Scali shares reach all-time high following UK expansion plans

Nick Scali’s (ASX: NCK) plans to expand into the UK have...

Super Retail Group to face court over allegations of undisclosed exec relationship, bullying

Super Retail Group to face court over allegations of undisclosed exec relationship, bullying

The board of Super Retail Group (ASX: SUL) has announced today that...