APRA’s list of underperforming funds included a fund operated by Asgard, however this is not used with any of Altitude’s independently created portfolios.
You may have noted APRA released a list of underperforming super funds including the Asgard MySuper product. This is Asgard’s default product primarily used by employers when setting up an account for their employees, but it is not something Altitude uses as we recommend other accounts within Asgard’s product offering.
Altitude independently selects all the investments through our rigorous portfolio review process, and these have nothing to do with the MySuper accounts from Asgard.
Altitude’s portfolios have performed very well over both the short-term and long-term, with our most recent 12 month returns for the financial year in line with the top performing funds in Australia, which were also detailed by APRA.
Should you have any further questions in relation to this, please contact your financial adviser.
Altitude Financial Planning is a Corporate Authorised Representative of Altitude Financial Advisers Pty Ltd
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The information contained on this website is general in nature and does not take into account your personal circumstances, financial needs or objectives. Before acting on any information, you should consider the appropriateness of it and the relevant product having regard to your objectives, financial situation and needs. In particular, you should seek the appropriate financial advice and read the relevant Product Disclosure Document.