06.Options for super
Many corporate super funds and master trusts, as well as some industry funds, offer index funds on their investment menus. The table below shows the largest 20 super funds which offer an index investment choice. For more information check out our Choice guide to DIY super.
Table: Largest 20 superannuation funds offering an index investment choice
| Fund Name |
Market Segment |
| MLC MasterKey Superannuation |
Personal master trust |
| Mercer Super Trust (Corporate Super
Division) |
Corporate master trust |
| Sunsuper |
Industry fund |
| Colonial First State — FirstChoice Personal
Super |
Personal master trust |
| Plum Superannuation Fund Employer
Division |
Corporate master trust |
| BT SuperWrap Personal Super Plan (BT
Badged) |
Personal master trust |
| ASGARD Superannuation Account |
Personal master trust |
| MLC MasterKey Business Super |
Corporate master trust |
| HOST-PLUS |
Industry fund |
| Navigator Personal Retirement Plan —
Superannuation Service |
Personal master trust |
| Macquarie Super Manager |
Personal master trust |
| Integra Retirement Plan —
Superannuation |
Personal master trust |
| SUMMIT Master Trust Personal Super
Plan |
Personal master trust |
| ING Corporate Super |
Corporate master trust |
| MasterKey Custom Superannuation
Fund |
Personal master trust |
| ANZ Super Advantage — Personal |
Personal master trust |
| ASGARD Employee Superannuation
Account |
Corporate master trust |
| PortfolioCare — Super Service |
Corporate master trust |
| Colonial First State — FirstChoice Employer
Super |
Corporate master trust |
| Perpetual WealthFocus Super Plan |
Personal master trust |
| |
Source: www.selectingsuper.com.au, December 2005.
New low-cost entrants such as max Super and Virgin Superannuation also use indexing as their core approach (see Table 3 below).
| |
New
super index funds |
| Fund name |
Manager |
Management
/ MER
(%
pa) |
Entry (%) |
Exit (%) |
Switching (%) |
Buy/sell differential
(%) |
Phone |
| max Super (a) |
Barclays Global Investors Australia |
1 |
Nil |
Nil |
Nil |
Max 0.25% |
1300 883 629 |
| Virgin
Superannuation (b) |
Macquarie Funds Management |
1 |
Nil |
Nil |
Nil |
Max 0.25% |
1300 855 040 |
| |
Table 3 notes
(a) You can invest in the Living Large or Slow and Steady funds, which differ in the proportions of cash, Australian and international fixed interest, listed property, Australian and international share index funds they hold. Alternatively you can choose your own proportions of these asset classes in each of max Super’s Growth Assets or Income Assets funds.
(b) You can choose your preferred mix of index funds, which track the performance of cash, Australian and international fixed interest (bonds), listed property and Australian and international shares.
Source: CHOICE Money & Rights research based on Product Disclosure Statements available at January 2006.
This article last reviewed March 2006