Industry superannuation fund Hostplus is making a play for self-managed super fund business, offering access to assets “ordinarily unavailable to retail investors.”
In what is claimed to be a first for the super industry, Self-Managed Invest (SMI) offers SMSF investors access to six of Hostplus’s 23 investment options, including its flagship balanced option, low-cost indexed balanced option and property and infrastructure options.
Hostplus chief executive David Elia says SMI will give SMSF trustees the best of both worlds, allowing them to invest alongside a major APRA-regulated fund.
SMSF trustees will invest in a pooled super fund structure. “This is an innovative and practical demonstration of how two of Australia’s largest superannuation and pension sectors can work together for the mutual benefit of SMSF and our fund members alike,” Elia says.
He says SMI will help SMSF trustees manage investment risk and be more cost effective.
Hostplus piloted the arrangement last year and already has a number of SMSFs on its books.
Hostplus has a strong performance track record. Its balanced option topped the SuperRatings performance tables for three, five, seven and 15 years. The fund has assets worth $43 billion.