AustralianSuper’s got a little stamp duty hangover from its towers and tolls shopping spree last year.
The $261 billion superannuation fund, which bought stakes in Optus’s towers, Axicom and WestConnex in the 2022 financial year, mailed out letters to its members this week to tell them their investment fees had gone up.
In all, the superannuation fund raised investment fees on eight options, while leaving cash untouched and bumping down international shares’ fees . The changes were effective July 9 and made after AustralianSuper tallied its actual investing costs for FY21, the letter said.
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