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Australian Super adds ETF Securities market leading GOLD ETP to its member direct investment menu

23 Mar 2021
From

Kanish Chugh

One of Australia’s largest super fund, Australian Super with over $200billion in AUM and over 2.2million members, has added ETFS Physical GOLD ETF (ASX: GOLD) to its member direct menu, due to increased demand for Australia’s largest GOLD ETP.

The Australian Super Member Direct offers a choice of investments for super or retirement income. Members can invest in shares, Exchange Traded Products (ETPs), Listed Investment Companies (LICs), term deposits and cash – all available via the Australian Super online platform.

The ETFS Physical GOLD is the only ETP available to Australian Super members that offers exposure to the commodities sector via an ETP.

Kanish Chugh, head of distribution, ETF Securities said: “We are very pleased to see GOLD now accessible to the Australian Super members via their own direct investment platform. Whilst SMSFs have been strong investors in ETFs and other listed options, super funds are now increasingly offering this option to their members too. They are recognising the growing desire of investors to take control of their super and ETFs can be used to diversify and tailor portfolios.

“Current fund inflows to GOLD have been in keeping with the global interest in this asset class and strong pricing. While gold prices have eased off (to an extent off the back of vaccines prospects), gold has a valuable role in a portfolio with allocations assisting not only with risk levels but performance in a portfolio.

“Investors are increasingly aware of its overall value in their investments and we expect support for gold to be strong in the coming year as interest rates remain at record lows,” added Chugh.

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