Cbus, one of Australia’s largest industry super funds for the building, construction and allied industries, has reached a new milestone in January 2021 with total Funds Under Management (FUM) surpassing $60 billion.
Despite the challenges brought on by the COVID-19 pandemic in the past year, Cbus’ ability to organically grow their FUM is a result of their commitment to their investment approach which has included investing opportunistically in the post-COVID economic recovery.
It also reflects the success of their investments strategy as they continue to deliver value for Cbus members by internalising their investments program to deliver strong returns while reducing investment costs.
Leading the recovery and creating jobs for our members
As a profit-to-member industry fund, Cbus has a proud history of investing back into our industry and creating jobs for our members through Cbus Property.
Since its inception, Cbus Property has generated annualised returns of 15.3% p.a. and created over 100,000^ direct jobs in the building and construction industry.
Leveraging on their unique position in the industry, they saw opportunities in investing in the recovery which protected returns and created jobs for our members while contributing to the broader economy. They believe their investments will likely contribute to the creation of a further 100,000 jobs in Australia going forward.
Current projects include 83 Pirie Street in Adelaide’s CBD, a $300 million office building development with the South Australian government committed as the anchor tenant, which is anticipated to create up to 2,000 jobs during construction.
Over the next 12 months, Cbus will continue to actively look for opportunities that create strong returns and jobs for their members, playing an important role in Australia’s economic recovery and supporting their members’ financial wellbeing during their working lives and into retirement.
For more information, visit cbussuper.com.au