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Showing 1 - 10 of 14 results for "GrowthX"

Spaceship Super to land somewhere new

JAMIE WILLIAMSON  |  THURSDAY, 18 APR 2024
... fees will increase, the reductions seen elsewhere will ensure members are overall better off. Currently, members in the GrowthX option are paying administration fees and costs of $78 plus 0.693% per annum. Following the merger, they will pay $78 plus ...

Spaceship Super dumps admin fee waiver

JAMIE WILLIAMSON  |  FRIDAY, 6 OCT 2023
... increased cost will be somewhat offset for some members by a reduction made to the variable administration fee for its GrowthX investment option, implemented on September 1. The fee was reduced from 0.720% of a member's balance to 0.693%. This reduction ...

Spaceship secures $6m, plans new offering

JAMIE WILLIAMSON  |  MONDAY, 24 JUL 2023
... raise of $7.5 million in 2022. It also comes as its superannuation offering reports outstanding returns for FY23, with the GrowthX option returning 19.86% and the Global Index option returning 17.12%. It said the additional funding will support Spaceship's ...

Spaceship hits $1bn in total assets

KANIKA SOOD  |  TUESDAY, 27 JUL 2021
... Portfolio returned 46.18% in the year ending June, taking its annualised returns to 30.39%. Its flagship superannuation option GrowthX returned 23.41% over the same period, bringing its annualised returns to 15.69% since inception. Spaceship began life ...

Spaceship delivers for millennials

KARREN VERGARA  |  TUESDAY, 3 NOV 2020
... account balance, as well 0.60% of investment fees deducted from the member's total balance. Spaceship's flagship GrowthX option (invested in 88% listed equities) charges admin fees of $78 per year and 0.795% for every $50,000 invested, as well ...

Spaceship Super gets boost from Voyager

KANIKA SOOD  |  TUESDAY, 14 JUL 2020
... managing $180 million around last May to about $300 million now. Returns have helped on the way, with its equities-heavy GrowthX option returning 14.77% over the year ending May. Moore says Spaceship has the no immediate plans to pursue an RSE license ...

ASIC warns funds to clean up adverts

KANIKA SOOD  |  TUESDAY, 16 JUN 2020
... super fund Spaceship and trustee Tidswell to pay $12,600 each and remove a statement from the fund's website claiming its GrowthX option "measure companies". In reality 79% of the fund was tracking an index without any quantitative analysis in June 2017. ...

Spaceship searches for new chief

KARREN VERGARA  |  TUESDAY, 21 MAY 2019
... Superannuation Plan (AESF). In April 2018, ASIC slapped the startup with a fine for promoting "misleading claims" about its GrowthX option, which claimed to "measure companies," but in reality tracked an index the majority of the time. One month later ...

Spaceship beefs up senior management

KANIKA SOOD  |  MONDAY, 14 MAY 2018
... Investments Commission slapped Spaceship and trustee Tidswell Financial Services with infringement notices. Spaceship's GrowthX option claimed to "measure companies" while in reality 79% of the fund was tracking an index without any quantitative analysis ...

ASIC slaps fines on Spaceship and its trustee

KANIKA SOOD  |  TUESDAY, 10 APR 2018
... Spaceship's upbeat description of its growth option made "misleading claims" to attract new superannuation members. Spaceship's GrowthX option claimed to "measure companies" while in reality 79% of the fund was tracking an index without any quantitative ...
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