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We’re excited to announce our newest investment option, Thrifty, launching on 1 July 2021.
Designed for members who want low investment fees, Thrifty is driven by low cost growth assets and takes a more passive approach to managing these investments.
Here at Qantas Super, everything we do is driven by our members. We’re always asking members what they need and want from their super and, a little while ago, you told us that a new, low-cost investment option was at the top of the list. The result is Thrifty.
From introducing the world’s first Business Class cabin to launching Jetstar, and a range of innovations since, the Qantas Group has always focused on ensuring it caters to every type of customer in the market.
At Qantas Super we wanted to cater for our fee-conscious members that wanted a low-cost option to help them reach their retirement goals. We wanted a name for the option that embodied this thrifty mindset, which means to be careful with how you use your money and resources.
The total investment fee for Thrifty is 0.16%. You can find out more about investment fees here.
Thrifty is invested in a diversified mix of low-cost growth and defensive assets, tracking the performance of multiple indices across the international market. These are:
This table shows Thrifty’s strategic asset allocation and allocation ranges:
| Asset class | Strategic asset allocation | Range |
|---|---|---|
| Equities | 72.5% | 57.5%-87.5% |
| Alternatives | 0% | 0%-15% |
| Fixed interest | 22.5% | 7.5%-37.5% |
| Cash | 5% | 0%-20% |
Due to its largely passive nature, investing by tracking market indices incurs lower costs than the active management of Qantas Super’s other investment options.
A market index represents a segment of a financial market. For example, the S&P/ASX300 is a listing of the top 300 companies on the Australian Securities Exchange (ASX) by float-adjusted market capitalisation. Market indexes are often used as a benchmark, or barometer of the wider market’s overall performance.
This investment option aims to:
When you invest by tracking a market index, much of the work that comes with managing your investment is done for you by the body that compiles the index itself. For example, in the case of the S&P/ASX300, the ASX and Standard and Poor’s (S&P) compile and track movement in the list, rebalancing each March and September. However, it’s important to note that simply tracking a market index can leave your investment more open to the ups and downs of the market.
On the other hand, Qantas Super’s other investment options, such as Growth, are actively managed with the help of skilled investment managers around the world. Rather than just tracking an index, our managers invest across a broad range of asset classes, both listed and unlisted. This active approach allows for greater exposure to a wider range of assets and, in turn, greater diversification, helping to deliver smoother returns over the long term.
While super is a long-term investment, it’s important to review the way your super is invested every so often to ensure your options continue to meet your personal investment needs and goals.
Here are a couple of things to consider when reviewing your options:
A Super Adviser can help you review your investment options and determine which may be right for you.
You can change your investment options online at any time. Simply log into your account, head to the investments section and follow the steps.
It’s important to make sure your money is invested to match your needs and lifestyle goals – some people like to take on more risk with the aim of realising greater returns over the long run, while others prefer a safer, more conservative approach.
There’s nothing better than seeing the money you’ve invested in super grow over time. Here you can see just that – what your investment options have returned for a specific period. You can also see how we’ve performed against the objectives we’ve set for each investment option.
We focus on investing for the long term and choose a diverse range of value for money investments, an approach that considers both risk and reward.
If you need help with making a decision about your super, you can get simple advice over the phone or face to face. It’s included as a part of your membership so there’s no extra cost.
