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Balanced options are best, Canstar finds
While Catholic Super has topped Canstar’s top-performing super fund list with its employer sponsored aggressive option, it’s surprisingly balanced rather than growth options that round out the list.
The HOSTPLUS Personal Super Balanced, AustralianSuper Balanced, Sunsuper for life Lifecycle Balanced Pool, and CareSuper Employee Plan Balanced options all made Canstar’s list, with Cbus’s Growth option being the only other non-balanced option to feature.
The list looked at one, three and seven-year returns, with final ratings determined by that last metric. The top-rated option, Catholic Super’s Aggressive offering, returned -1.29, 7.59 and 10.49 per cent over each period respectively.
Catholic Super chief investment officer, Anna Shelley, said that the long-term nature of superannuation drove the fund to invest its younger members in aggressive settings, such as the option that topped the table.
She also said that she was particularly proud of the fact that the fund served so many teachers and nurses, who were mainly women.
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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
32.57 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
32.09 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
27.42 3 y p.a(%)
