These funds are almost all public-offer funds, although most had their genesis as closed shop funds only open to members of Cbus superannuation, which was the building industry superannuation fund but is now open to all.
These funds are almost all public-offer funds, although most had their genesis as closed shop funds only open to members employed in their particular industry. For example Cbus superannuation, was initially limited to people employed in the building industry but is now open to all.