Brighter Super expands indexed investment suite

Brighter Super has launched two new low-cost indexed share options, expanding its investment menus to meet adviser demand.

Available since October 1, Indexed International Shares and Indexed Australian Shares options provide a passively managed way to invest in local and global shares. Both options have investment fees and costs of 0.08% p.a. and no transaction costs.

The options will be available to members with Accumulation, Pension or Transition to Retirement (TTR) Pension accounts, and can be combined with other investment options. Brighter Super said.

The Indexed International Shares follows a weighted combination of the MSCI World Index in Australian dollars, with 20% hedged and 80% unhedged exposure, while the local strategy is designed to perform in line with the S&P/ASX 300 Accumulation Index. Both investment objectives are stated before investment fees and taxes.

Brighter Super chief member officer Lisa Kay said the new offerings complement the super fund's existing Indexed Balanced option, which invests across a mix of asset classes, providing members and advisers with "distinct building blocks" for broader investment strategies.

"Advisers have told us they want greater flexibility to tailor international and Australian share exposure within their clients' Brighter Super accounts. We listened, and these options respond directly to that feedback," Kay said.

"These new options provide additional building blocks that advisers can combine with other Brighter Super investment options to build a portfolio suited to each client's needs.

"They also give members another way to access international and Australian share markets, while our existing actively managed International Shares and Australian Shares options will remain available."

She added the options were developed following extensive consultation with external adviser groups, along with market research conducted with Investment Trends, investment modelling, as well as competitor and fee analysis.

"We recognise that members and advisers have different preferences about how investments are managed," Kay said.

"Expanding the menu gives them more ways to put their investment strategy into practice within Brighter Super."