AUSfund posts zero pc crediting rate
Thursday, 4 September 2008 11:55am
AUSfund's Eligible Rollover Fund (ERF) is proving to be one of the best performing funds after it posted a zero per cent crediting rate over a one year period to June.
This result brings AUSfund's five year crediting rate to 10.5 per cent.
David Haynes, AUSfund chief executive, said generating a competitive investment return for its 1.8 million fund members remained a high priority.
"This result confirms AUSfund's ongoing competitive investment performance over one, three and five year and stands up very well against the returns of both the ERF sector and the negative returns being experienced across retail, corporate and not for profit funds," he said.
"We are not content to be the best or most active ERF in efforts to reunite members with their lost and unclaimed super."
He said the fund would intensify its member awareness campaign during the year across cross fund matching and public advertising.
Michael Hobbs
