If you are eligible, investing in the ASX 200 Shares option gives you the opportunity to invest in one or more companies listed in the S&P/ASX 200 Index.
The value of the money you have in the ASX 200 Shares option will increase or decrease, as the prices of shares you have invested in increase or decrease.
You will receive any dividends, distributions or franking credits payable, less taxes and charges as a cash contribution (and not reinvested in ASX 200 stock), credited to your AustralianSuper account as dividends.
Am I eligible?
To invest in the ASX 200 Shares option you must:
- Have a minimum account balance of $10,000
- If your employer is a stockbroker, you will need your employer to sign a Referral Agreement, before you can participate in the ASX 200 Shares option.
The ASX 200 Australian Shares option is not available currently to
AustralianSuper Pension or
Corporate members.
How much can I invest?
You can invest up to 50% of your account balance in the ASX 200 Australian Shares option, and no single stock can make up more than 20% of your total account balance.
The 50% and 20% eligibility requirements are checked each time a ‘buy’ request is processed.
You must invest the remainder of your account balance in one, or a combination, of AustralianSuper’s other investment options.
Buying and selling shares
For each company you invest in, you must invest a minimum of $1,500. You can buy and sell shares:
Macquarie Equities Limited conducts all transactions on behalf of ASX 200 Shares investors.
Find out more about how to invest in ASX 200 Shares.
Registration of shares
All shareholdings in the ASX 200 Shares option will be registered in the name of JP Morgan Nominees Australia Limited, as the custodians of the Fund.
Changes to the S&P/ASX 200 Index
Standard & Poor’s updates the S&P/ASX 200 Index quarterly to reflect changes in the market capitalisation of companies.
ASX 200 stock that has reduced in market capitalisation and is no longer in the S&P/ASX 200 Index will not be available to invest in through the ASX 200 Shares option. However, if you have already invested in stock that is no longer in the S&P/ASX 200 Index, you can continue to hold your investment but you will not be able to invest in more of the same stock.
Fees and brokerage
If you invest in the ASX 200 Shares option you will pay a fee of $39 pa, calculated weekly and deducted monthly from your account. This fee is in addition to the standard administration fee for all members.
Macquarie Equities Limited will also charge brokerage.
Find out more about Investment management costs and brokerage
Accessing timely information
If you invest in the ASX 200 Shares option it is important you keep abreast of developments in the sharemarket. Good sources of information include:
- Business sections in daily newspapers
- Company annual reports
- Company websites
- The ASX website
If you are registered with
MemberOnline, you can access investment information on all S&P/ASX 200 Index companies and trusts, provided by Macquarie Equities Limited.