Local Government Super reaches new milestone of $12 billion in funds under management

From

Bruce Miller

Local Government Super (LGS, the Fund) has announced that its total funds under management (FUM) has reached $12 billion. This milestone demonstrates Australia’s growing appetite for genuine long-term responsible investment and reflects LGS’ ongoing commitment to achieving long-term sustainable returns for our members.

LGS’ acting Chief Executive Officer, Donna Heffernan, said: “We are extremely proud of the Fund’s strong growth and consistent performance over recent years. Looking back, LGS doubled its total FUM in just over seven years to reach $10 billion in April 2017, we then grew to $11 billion in March 2018 and now in June 2019 we have reached $12 billion.”

“This achievement is a testament to our long-standing commitment to responsible investments here in Australia and internationally. The core of our strategy is to align our investment philosophy with the needs and aspirations of our members. Our aim is to provide our members with the high levels of service and the value for money they need to achieve their retirement goals.”

LGS Chair, Bruce Miller, said: “LGS’ consistent and positive financial performance demonstrates why our responsible investment philosophy makes real commercial sense. We actively engage and educate our members about our approach and we strongly believe all super funds have a responsibility to invest and operate in a responsible and sustainable manner.

“LGS is committed to enhancing the retirement income of our members through the benefits of long-term sustainable returns.”

LGS recently achieved Australia’s first carbon neutral property portfolio certification by the Australian Government for all NABERS rated buildings in its property portfolio, and has achieved a 5-Star GRESB rating for its direct property portfolio.

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