Industry superannuation fund QSuper has urged its members to take a big picture view as it moves to reassure them their superannuation investments and accounts remain secure despite the Queensland floods.
QSuper chief investment officer Brad Holzberger said the fund's investments remain secure, aided by the fact the floods occurred against a backdrop of otherwise calm global markets.
"Our policy of diversification will play its part and protect QSuper members from any direct material investment impact," Holzberger said.
QSuper invests in a number of funds with holdings in direct assets in south-east Queensland, including Brisbane Airport, the Port of Brisbane and shopping centres in Brisbane, the Gold Coast and Toowoomba.
There are no material issues with any of these assets as a result of the floods and all are operational.
"Each of these assets is managed by competent and experienced investment professionals at QSuper and our mandated investment managers," Holzberger said.
"As Queensland moves into the recovery phase from the effects of the floods, assets such as the Port of Brisbane will be central in aiding the rebuilding efforts by facilitating the flow of goods into south-east Queensland."
QSuper board of trustees chairman Bob Scheuber said one in nine Queenslanders have a QSuper account.
"On behalf of the board and all QSuper staff, our thoughts are with every Queenslander affected by the floods," Scheuber said.
"In the coming days and weeks we expect we will hear from many more of our members who have been affected by these floods. We want to reassure all members we are working hard to get to back to normal service as quickly as possible."
The fund's assets are being managed and valued as normal and unit prices are being calculated and published daily.
QSuper is one of the largest superannuation funds in Australia, with more than 520,000 members and over $26 billion in funds under management.
