Fund Product Update

Hyperion lists global equities strategy on ASX

The Hyperion Global Growth Fund (HYGG) is Hyperion’s first active exchange-traded fund (ETF), and is now listed on the Australian Stock Exchange. The ETF provides access to the $1 billion Hyperion Global Growth Companies Strategy. The fund invests 80-100 per cent in global equities. The listed fund has the same structure as the unlisted fund - 0.70 per annum management fee and 20 per cent performance fee above the benchmark MSCI World Accumulation Index.

QSuper launches retirement income product

The new Lifetime Pension product from QSuper provides tax-free fortnightly payments for members aged 60-80 for the rest of their lives. A minimum of $10,000 is required to buy Lifetime Pension. An annual payment amount at commencement at 60 years old for every $100,000 would pay $6,164 (singles) and $5,707 (spouse protection).

The first-year payment amount is pro-rated and the amount is subject to annual adjustments that occur on July 1 each year based on the asset pool’s financial results.