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Biggest is not best with absolute return
Only one of the top five largest absolute return superannuation funds saw top-quartile returns in 2020, according to data.
This was AMP Flexible Super Super Antipodes Global fund that returned 2.69% in 2020, and was the second-largest fund at $67.9 million, according to FE Analytics.
The largest fund, AMP Flex Lifetime Super and Custom Super Antipodes Global at $81.9 million returned in the second quartile at 2.2%.
Returns of the largest absolute return super funds in 2020
|
Fund |
Size |
Return |
Return Quartile |
|
AMP Flex LifetimeSup & CustomSup Antipodes Global |
$81.9 million |
2.2% |
Second |
|
AMP Flexible Super Super Antipodes Global |
$67.9 million |
2.69% |
First |
|
CFS FC W PSup-Schroder W Abs Return Inc |
$54.9 million |
2.6% |
Second |
|
CFS FC W PSup-FirstChoice Acadian Wholesale Australian Equity Long Short |
$34 million |
1.25% |
Third |
|
Perpetual WF Super Perpetual Shareplus LongShort |
32.5 million |
2.46% |
Second |
Source: FE Analytics
However, the smallest fund, CFS FC W PSup Bennelong Kardinia Absolute Return, which was $3.2 million in size was the top performer out of the 18 absolute return super funds at 7.66%.
The bottom performer was FC Psuper-Acadian Global Equity Long Short at a loss of 7.71% and was the second smallest fund at $5 million.
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TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.78 3 y p.a(%)
3
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
30.80 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
28.31 3 y p.a(%)
