Welcome to your May quarterly reportfrom the Active Super Investments Team.
In this edition, our Chief Investment Officer, Craig Turnbull, examines the ongoing market volatility and the impact it’s having on super.
We update you on the fund’s recent decision to exclude Russian investments. We see how at a new Active Super investment is protecting the rainforests and biodiversity of Papua New Guinea.
Plus, we’re excited to introduce ‘Member questions’, a new section where we respond to your queries about our investments, this time on cryptocurrency. So, if you have question, please let us know so we can cover it in future editions.
Russian investments out in the cold
Following Russia’s invasion of Ukraine, which runs counter to our responsible investment principles, Active Super has now added Russia to its list of restricted countries in which the fund will not invest.
Furthermore, while Active Super did have a small amount of exposure to Russian investments via two Emerging Markets funds (which equated to 0.1% of our total funds under management), soon after the conflict began, these funds began divesting of any Russian stocks.
Member questions: “Does Active Super invest in cryptocurrency?”
The short answer is ‘no’. Our view is that crypto is speculative, volatile and lacking in regulation. Furthermore, from a responsible investment perspective, it’s difficult for us to get the transparency we need to assess and manage the Economic, Social and Governance (ESG) risks of crypto assets.
Interestingly, in January this year, the Australian Securities and Investments Commission (ASIC) issued a warning to self-managed super funds about investing in crypto assets. It had noticed an increase in marketing recommending Australians switch from retail and industry super funds to self-managed super funds so they can invest in a ‘high return’ portfolio.
ASIC noted that SMSF trustees in particular were being targeted to invest in crypto. “Super is an attractive target for scammers and crypto-assets are a high risk and speculative investment,” it said. ASIC reminded super fund members to seek advice from a licensed financial adviser before agreeing to transfer super out of a regulated fund into an SMSF.
More accolades for Active Super Property
Active Super Property has secured a No.1 ranking in the NABERS Sustainable Portfolios Index (SPI) 2022 released in May. We also took out the gong for best performing shopping centre portfolio in the NABERS Energy and Water category.
NABERS stands for National Australian Built Environment Rating System, which measures the environmental performance of Australian buildings and tenancies. The NABERS Sustainable Portfolio Index showcases the environmental performance of the top 53 building portfolios and funds across the country. Take a look.
Active Super names its top 3 Sustainable Development Goals
For some time, Active Super has considered the globally recognised Sustainable Development Goals (SDGs) when seeking investments that make a positive impact on the world. Moving forward, we’ll now be focusing on the three SDGs where we believe we can make the most impact, while simultaneously delivering strong sustainable returns to our members.Read More
A bumpy ride for super
Active Super Chief Investment Officer, Craig Turnbull, talks about the current volatility in the markets, the impact it’s having on super and the strategies we use to protect our members’ money.Read More
PROTECTING THE RAINFORESTS OF PAPUA NEW GUINEA
Papua New Guinea is home to 5 percent of the world’s biodiversity. Yet each year, an estimated 1.4 percent of its forests are lost to industrial logging, which is decimating native flora and fauna and threatening the health and well-being of local communities. Active Super is investing in a project to help.Read More