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Aussie equity super funds lag global equity funds
Despite the country’s effective ability to control the COVID-19 pandemic, the average superannuation fund focused on investing in Australian equities was unable to beat the average super fund focused on global equities, according to data.
FE Analytics data found the sector average for super funds investing in Australian equities returned 2.21% during 2020, compared to 5.4% for global equity super funds.
Australian equity super funds v global equity super fund returns in 2020
Source: FE Analytics
However, during the year, the top-performing Australian equity super fund was Suncorp Brighter Super Personal Hyperion Australian Growth Companies and Suncorp Brighter Super Business Hyperion Australian Growth Companies. Both funds returned 28.37%.
These were followed by ClearView Wealth Foundations Super-Hyperion Australian Shares at 27.77%, CFS Australian Share Option at 21.8%, and CFS FC W PersonalSuper Colonial First State Wholesale Concentrated Australian Share at 21.1%.
Top returning Australian equity superannuation funds v sector in 2020
Source: FE Analytics
At the bottom of the ranks were five AMP income funds. AMP Flexible Lifetime Allocated Pension Legg Mason Australian Real Income lost the most at 13.8%. This was followed by AMP Flexible Super Retirement Account Legg Mason Australian Real Income (-13.31%), AMP SignatureSuper Allocated Pension Legg Mason Australian Real Income (-13.14%), AMP Flexible Lifetime and CustomSuper Legg Mason Martin Currie Real Income (-13%), and AMP Flexible Super Account Legg Mason Australian Legg Mason Australian Real Income (-12.59%).
None of these funds have been able to recover losses during the March sell-off induced by the COVID-19 pandemic.
Bottom returning Australian equity superannuation funds v sector in 2020
Source: FE Analytics
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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(%)
