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Showing 1 - 9 of 9 results for "GrowthX option"

Spaceship Super ups fees on private credit exposure

RIDDHIMA TALWANI  |  THURSDAY, 6 AUG 2026
... appropriate given the expected improvement in risk-adjusted returns and downside protection they provide." In the GrowthX option, the super fund is slightly reducing exposure in Australian and international equities, while raising exposure to listed ...

Spaceship Super to land somewhere new

JAMIE WILLIAMSON  |  THURSDAY, 18 APR 2024
... 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 0.570%. ...

Spaceship secures $6m, plans new offering

JAMIE WILLIAMSON  |  MONDAY, 24 JUL 2023
... $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 delivers for millennials

KARREN VERGARA  |  TUESDAY, 3 NOV 2020
... 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 as investment ...

Spaceship Super gets boost from Voyager

KANIKA SOOD  |  TUESDAY, 14 JUL 2020
... $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 (which ...

ASIC warns funds to clean up adverts

KANIKA SOOD  |  TUESDAY, 16 JUN 2020
... 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. In 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
... 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 analysis ...
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