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Index fund tops risk-adjusted rankingsBY KARREN VERGARA | WEDNESDAY, 16 JUN 2021 12:34PM
An index fund beat out active fund managers in the latest RMetrics rankings, topping the list based on returns and risk-adjusted measures.Read more: RMetrics, Legg Mason Martin Currie, Macquarie Investment Management, Alphinity, Challenger, Fidelity, Greencape, Pendal Group, Rainmaker, Schroders, T. Rowe Price
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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