Morningstar to research industry super funds
Morningstar has launched fund analyst research into Australian industry super funds, which it said would provide financial planners with an independent insight into this sector.
The new initiative started with Morningstar's research of four investment options offered by AustralianSuper - the largest industry superannuation fund in the country.
The analysis would be based upon the researcher's five key outperformance identifiers - people, process, performance, parent and price - with the funds to be selected for coverage according to investment merit and client demand.
Morningstar Australasia chief executive Anthony Serhan said the new initiative was launched because the industry superannuation sector represented a major part of the retirement savings industry.
"Investors and their advisers will be able to understand the essential characteristics and risks of these funds, and build and manage more effective investment portfolios," he said.
"This also meets the need of financial planning dealer groups for an independent assessment of industry superannuation funds in the Future of Financial Advice environment."
Morningstar's Australasian managed funds database now includes 180 superannuation and allocated pension options from major industry superannuation funds, with the coverage to progressively expand, Serhan said.
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