Commonwealth Bank-owned SuperTrace has gained eligible rollover fund (ERF) authorisation consistent with recent changes to superannuation legislation.
Confirming the authorisation, SuperTrace trustee chairman Harley McHutchison said he believed the authorisation had been underpinned by the underlying strength of the fund.
"Being one of the first ERFs to be granted authorisation is a testament to its solid and consistent performance," he said.
"SuperTrace's Capital Stable investment strategy has performed consistently well in some challenging investment markets, returning 5.8 per cent to members for year ended 30 June, 2013; 4.03 per cent for the preceding year and 7.03 per cent for the year ended 30 June, 2011," McHutchison said.
