POWERED BY MOMENTUM MEDIA
Balanced super funds up 13.4% over 2021
Superannuation members stand to receive a $400 billion windfall following the industry’s recovery over the second half of 2021, according to SuperRatings data.
The research house’s annual review of super fund performance showed the median balanced option returned 13.4% over the 2021 calendar year with positive returns in 11 out of 12 months.
This year’s estimated returns would be the sixth highest over the past 22 years with annualised returns since 2000 sitting at 6.6% per annum.
SuperRatings executive director, Kirby Rappell, said: “Overall, it has been a big year for super. If we look at the long-term, funds continue to perform well against objectives, but it is likely to be a rockier year ahead.
“For consumers, it remains important to set your strategy, stick to it for the long-term and future you will likely thank you.”
According to SuperRatings, this year’s return had been driven by international and Australian shares and property.
The top 20 performing balanced options all returned 13.9% or more to their members over the year.
Hostplus – Balanced was the top performing fund over the 2021 calendar year, returning 19.1%. This was followed by QANTAS Super Gateway – Growth at 18.5% and Sunsuper for Life – Balanced at 16.5%.
Recommended for you
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.
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(%)
