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Asset manager seeks to demystify hybridsBY ALEX BURKE | FRIDAY, 29 SEP 2017 12:52PM
Despite a suspect reputation, hybrid securities have actually delivered a better risk-adjusted return than the equity market over all time periods, according to Real Asset Management portfolio manager Michael Frearson.Read more: Michael Frearson, RAM, Real Asset Management, Australian Listed Interest Rate Securities SMA, Credit SMA, Diversified Fixed Interest, Financial Standard, Macquarie
In a year the average fund posted over 18% in returns, CommBank's Essential Super was the top one-year performer.
Superannuation funds can expect their results in the first performance test by August 31 under the new Your Future, Your Super reforms, according to an APRA letter sent Friday.
The Federal Court found that RI Advice Group's failure to provide rigorous oversight over a former financial adviser resulted in bad advice to consumer detriment.
Member of Parliament Tim Wilson will lead the charge to determine if big super's domination over the Australian sharemarket is stifling competition.
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