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Did cautious super funds do their job?
Five mixed-asset cautious superannuation funds have managed to make a return during Q1 2020, enduring the volatility caused by the COVID-19 pandemic, according to data.
FE Analytics data found that the top performing cautious fund, AXA Tailored Super Security Plus, returned 0.76% over the three months to 31 March, 2020.
The fund had an allocation of 33.23% both in Australian fixed interest and global fixed interest, 18.72% in property shares, 8.05% in the money market, and 4.96% in property.
This was compared to the sector average loss of 4.01%. For balanced funds, the sector average loss of 8.46% over the same time period.
Four out of the five funds that made a return were AXA funds.
AXA Superguard Plus Guaranteed Portfolio returned 0.31%, followed by Commonwealth Personal Supercare at 0.27%, AXA Simple Super Guaranteed Plus and AXA Tailored Super Guaranteed Plus both at 0.11%.
However, over longer time periods, only the top performing fund AXA Tailored Super Security Plus managed to perform in the top quartile over three years (6.99%), five years (12.3%), and 10 years (52.48%).
Over 10-years, AXA Superguard Plus Guaranteed Portfolio (28.09%), AXA Simple Super Guaranteed Plus (22.06%), and AXA Tailored Super Guaranteed (22.08%) all performed in the bottom quartile.
The data also showed the bottom funds during Q1 performed worse than the balanced sector average, with bottom fund AMP Signature Super AMP MySuper Capital Stable fund losing 8.8%
Top performing mixed-asset cautious super funds v sector over three months to 31 March 2020
Source: FE Analytics
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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(%)
