POWERED BY MOMENTUM MEDIA
Domestic equities underpin double-digit super returns
Superannuation again proved to be an excellent investment in 2006, with most fund members being rewarded with double-digit returns, according to the latest data released by Mercer Investment Consulting.
The data, released in late December, pointed out that for the third consecutive year superannuation investors were set to earn double-digit returns on their superannuation funds — something that had not happened since the three-year period from the beginning of 1996 to the end of 1998.
What is important about the Mercer figures is that they reveal that the average pool fund return for the calendar year was 14.4 per cent, only slightly lower than the 15.1 per cent achieved in 2005 and the 16.1 per cent achieved in the previous year.
The major driver for the double-digit superannuation returns was the impressive performance of the Australian share market and the performance of listed property.
AUTHOR
Mike Taylor
Recommended for you
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
Fund managers remain hopeful for a Chinese revival story despite the “disappointing” stimulus package announced this week.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
