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What the Researchers Say:

A "good value for money" superannuation fund that is strong in nearly all assessment areas but with average features and/or performance in one or more of our assessment criteria.
You should contact your financial adviser or this fund before making an investment decision.

  • Gold
Awards
Fund data valid as of May 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $1,045 $157 $888
50k $1,452 $634 $818
100k $1,725 $1,169 $556

Investment Allocation

Intl shares 20.0%
Aus shares 29.0%
Property 6.0%
Alternative 16.0%
Fixed interest 20.0%
Cash 5.0%
Other 4.0%

Fees & Charges

Administration Fee ($) $1,000
Administration Fee (%) 0.11%
Investment Fee 0.80%
Switching Fee $0
Exit Fee $0
Account Size Discount Yes
Employer Size Discount No

Fund Features

Financial Planning Service
Health Insurance
Home Loans
Credit Cards
Binding Nominations
Non-lapsing Binding Nominations
Insurance Life Event Increases
Anti-detriment Payments
Long Term Income Protection

About this Fund

Total Assets $21,864,034,063
Year Started 2003
Target Market All Industries
Offered to Public? Yes
Fund Type Master Trust-Personal

Fund Highlights - provided by Asgard eWRAP Super Account

Extensive investment menu with over 330 options available plus access to listed Australian shares.
Transparent fees with reductions to the 0.82% pa administration fee on member account balances exceeding $100,000.
Advanced online transaction features for advisers.
High quality on-line client portfolio management tools.
Ability to transfer between Asgard eWRAP and Asgard Elements super and pension products.
A reasonably priced full insurance suite offered.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 3.80%
3.68%
6.50%
9.60%
10.23%
12.66%
16.20%
14.73%
-0.70%
0.45%
11.70%
8.71%
Fund
Benchmark
High Growth 3.47%
3.45%
9.50%
11.66%
13.40%
15.76%
21.80%
20.40%
-4.20%
-3.15%
12.10%
9.40%
Fund
Benchmark
Growth 3.39%
3.64%
7.20%
10.71%
11.50%
14.01%
18.80%
17.11%
-2.50%
-0.95%
12.20%
9.40%
Fund
Benchmark
Australian Shares 0.36%
4.38%
4.80%
5.70%
16.20%
16.77%
22.10%
21.07%
-8.00%
-6.15%
11.10%
11.00%
Fund
Benchmark
Overseas Shares 3.00%
1.37%
25.50%
19.16%
18.60%
17.63%
31.90%
26.14%
-2.50%
-2.45%
2.70%
5.86%
Fund
Benchmark
Capital Stable 3.41%
3.24%
2.90%
5.66%
6.10%
7.34%
8.40%
8.29%
3.40%
4.06%
9.40%
6.70%
Fund
Benchmark
Property 11.54%
10.46%
12.30%
10.78%
14.30%
9.09%
20.90%
10.99%
6.90%
7.12%
20.70%
8.00%
Fund
Benchmark
  • Legend:
  • Outperformed average
  • Underperformed average
  • Negative returns

Annualised figures are the average per year returns of the rated option based on the cumulative returns for the past 5 years to 30/06/2015, past performance is not a reliable indicator of future performance. Performance and fee data is based on the option which is rated by SuperRatings and stated on each product's landing page.

Benchmark investment information - how performance is measured

To ensure comparability for consumers, the RateCity superannuation comparison is based on the asset allocation of each of the MySuper/Pension products, irrespective of the name of the investment option. This methodology allows consumers to compare products on a like for like basis and removes any ambiguities associated with the name of the investment option. For example, an investment option may be classified as growth, however its asset allocation may in fact mean it should be classified as high growth. By using the asset allocation as the dominant identifier, we believe this provides the most robust framework for consumers to compare funds and recognise that this is a consistent approach to that of SuperRatings methodology.

Option Type Percentage of Growth Assets
min-max %
High Growth 91-100%
Growth 77-90%
Balanced 60-76%
Conservative Balanced 41-59%
Capital Stable 20-40%
Secure 0-19%

What the researchers say

Asgard eWRAP was established in 2003 by Asgard Wealth Management (a subsidiary of the Westpac Group). The Asgard eWRAP is designed for members with larger account balances who want to take control of their superannuation without the complication of establishing a Self Managed Super Fund.

Through Asgard eWRAP, members can select from an extensive range of managed investments and ASX listed shares. Performance of the representative Advance Balanced Multi-Blend option has been mixed over the past 5 years. The extensive investment menu means returns vary depending on the option and manager selected.

Although fees are relatively high when compared to the market average, particularly for lower account balances, rebates apply for account balances over $100,000. No additional fees are charged for withdrawals, switching, establishing or terminating an account.

Asgard eWRAP offers members a full suite of insurance. Death cover is available to age 75, and IP insurance covers up to 75% of salary with a choice of 30, 60 or 90 day waiting periods and 2 year or to age 65 benefit periods which offer members sound levels of flexibility.

Financial planning services are available for members, and the website caters to advisers and members with a range of educational materials, calculators and reporting capabilities.


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