POWERED BY MOMENTUM MEDIA
89 funds earn top Heron rating
The overall quality of Australian superannuation funds and products is continuing to improve, according to the latest Heron Partnership Quality Star Ratings, with 89 funds representing all sectors of the industry earning the firm’s maximum five quality star rating.
The ratings, released to Super Review this week, saw funds as diverse as AMP Flexible Super, AustralianSuper Public Sector, IOOF Personal Super, EISS Super, HESTA, Sunsuper for Life and Telstra Super make it to the five quality star list.
Commenting on the results, Heron Partnership managing director, Chris Butler said the firm had been impressed by the continuing improvement in the overall quality of superannuation funs and products in Australia.
The company also looked at MySuper products and assigned 32 of them the top five quality star rating.
Recommended for you
Super funds had a “tremendous month” in November, according to new data.
Australia faces a decade of deficits, with the sum of deficits over the next four years expected to overshoot forecasts by $21.8 billion.
APRA has raised an alarm about gaps in how superannuation trustees are managing the risks associated with unlisted assets, after releasing the findings of its latest review.
Compared to how funds were allocated to March this year, industry super funds have slightly decreased their allocation to infrastructure in the six months to September – dropping from 11 per cent to 10.6 per cent, according to the latest APRA data.
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
31.73 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
30.15 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.71 3 y p.a(%)
