POWERED BY MOMENTUM MEDIA
Default funds outperform SMSFs
Default super funds outperformed self-managed superannuation funds (SMSFs) in the year to last quarter’s end by two per cent before fees and tax, according to SuperGuard 360.
The SG360 SMSF Reference index showed returns of 5.4 per cent for the year to March 2018, as compared to 7.4 per cent for the SG360 Default Index, which represented MySuper products.
SuperGuard 360 put this down to SMSFs generally having lower asset class weightings to growth assets, especially international equities. The 12-month returns of international equities to last quarter’s end was around 10 per cent higher than that of their Australian counterparts.
The organisation said that three quarters of all SMSFs have assets under $1 million, and these funds have higher weightings to cash and lower weightings to equities than larger, higher-performing SMSFs.
It said that this meant that “the majority of SMSF members are in funds likely to achieve lower than ideal investment outcomes”.
Recommended for you
Insignia’s Master Trust business suffered a 1.9 per cent dip in FUA in the third quarter, amid total net outflows of $1.8 billion.
While the Liberal senator has accused super funds of locking everyday Australians out of the housing market, industry advocates say the Coalition’s policy would only push home ownership further out of reach.
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.
As institutional investors grapple with shifting sentiment towards US equities and fresh uncertainty surrounding tariffs, Australia’s Aware Super is sticking to a disciplined, diversified playbook.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
