POWERED BY MOMENTUM MEDIA
Australian property super funds beat global counterparts
While superannuation members in Australian property funds beat out those in global property funds, only 16% of those funds actually made a return in 2020, according to data.
FE Analytics data found that the Australian property superannuation sector average lost 3.38% compared with the global property super sector average that lost 9.7% last year.
Australian property super sector v global property super sector returns in 2020
Source: FE Analytics
Only eight funds out of 110 in the Australian property super sector managed to make a return.
Four of the five top performing funds were Ironbark funds. These were CFS FirstChoice Ironbark Wholesale Property Securities PersSuper (3.46%), CFS FirstChoice Personal Super Ironbark Property Securities (3.29%), Suncorp Brighter Super Personal Ironbark Paladin Property Securities (3.09%), CFS Ironbark Property Securities Select (2.64%), and TelstraSuper Property (2.17%).
Top performing Australian property super funds in 2020
Source: FE Analytics
The only fund that managed to recover losses from the March sell-off induced by the COVID-19 pandemic was the TelstraSuper fund, which was up 0.15% by the end of the year from its previous highest point in February.
At the other end of the scale it was Freehold Pinnacle Illiquid Property that lost the most during the year at 14.84%. This was followed by OnePath Life DIY Super Property Securities NEF (-14.57%), OnePath DA Property Securities Superannuation (-14.53%), OnePath Life DIY Super Property Securities EF (-14.19%), and OnePath OA Personal Super Onepath Property Securities NEF (-14.17%).
Recommended for you
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
Qantas Super has officially merged with ART over the weekend, with its CEO describing the “bittersweet” decision as being in the best financial interests of its members.
The super sector has apologised and vowed to fix widespread delays, poor service, and systemic failures in processing death benefit claims, following an ASIC review.
Long-term investors face a critical decision – stay the course or pivot, says leading economist Shane Oliver.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
