Cbus a top ranked fund over short and long term
29 March 2018
Cbus, the Industry Super Fund for the Construction, Building and Allied Industries has ranked in the top 5 over 1, 5 and 10 years according to the Australian Prudential Regulation Authority (APRA) superannuation statistics released yesterday for the year ending 30 June 2017.
CEO David Atkin said Cbus’ strong performance against more than 200 APRA regulated funds is a testament to our member first culture and the industry fund model of all profits to members.
“Strong long-term performance is what our members need from us to prepare for their retirement,” Mr Atkin said.
“We’re proud to be in the top 5 over all time periods and will continue to work hard to produce strong results for our members.”
Cbus Chief Investment Officer Kristian Fok said that with more than $43 billion in funds under management and the Fund expecting to grow to more than $60 billion in the next four to five years, members stand to benefit from the opportunities that flow from such growth and scale.
“We’re proud of our outstanding returns and our focus is on positioning the Fund to continue to deliver strong performance into the future,” Mr Fok said.
“In recognition of our growing capacity, a significant focus of our new investment model is the internalisation of a number of direct investment strategies.
“It’s been a busy 18 months with our international shares and direct debt strategies now in place along with our expanded infrastructure team which is actively pursuing opportunities. We are also in the process of developing new strategies for opportunistic growth and Australian equities.”