Energy Super provides investment clarity
Queensland-based industry fund, Energy Super has launched a new web-based investment tracking tool for its members.
The fund announced this week that the tool would allow members to track which specific properties, infrastructure, equities, government bonds and other assets their super was invested in.
It said the tool, embedded into the fund’s web site not only highlights the asset classes used by each of the fund’s investment options, but details each asset class’ managers, the funds underlying investments and value.
Commenting on the tool, Energy Super chief executive, Robyn Petrou said it was intended to provide a deeper level of fund transparency and accountability, and responded to growing member interest about where their super was actually invested.
“Our challenge was to develop a way to show members, in a simple but informative manner, the range of assets their super is invested in,” she said. “We’ve achieved this by creating an easy-to-understand table showing our investment options and the asset classes each of these invests in, with additional detail on each asset class’ managers and investments behind it.”
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