Future Super Returns 10.1% to Ethically Minded Members

credit: USACE on Flickr

If you're an Australian who's looking to save some money while you can, you may want to consider joining one of the country's largest superannuation plans.

That's because the Future Super fund returned 10.1% in the year ending June 30more than double the median median balanced fund return of 8.8%, reports the Sydney Morning Herald.

"Our returns are built on a foundation of responsible investing, avoiding fossil fuel companies means we have more space to embrace other, growing sectors like tech, AI, health, and renewable energy," says Sharon Davis, executive director of investments for the Future Group, the company that runs Future Super.

The fund, which doesn't invest in tobacco, gambling, or weapons companies, also overweights private credit and clean energy infrastructure, Davis says.

The median account balance is $17,326, and the median member age is 30. Read the Entire Article

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