ART completes AvSuper merge
Australian Retirement Trust (ART) has confirmed the completion of its merger with aviation-focused fund, AvSuper.
ART said the merger represents its fourth successor fund transfer so far this financial year.
The announcement said that as part of this transition, more than 4,800 new members and $2.43 billion in funds under management (FUM) have transferred to ART from AvSuper.
ART’s Chief Commercial Officer, Dave Woodall, said onboarding AvSuper is an important step in the growth of ART as the Fund continues to expand in the best financial interests of its more than 2.3 million members.
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