POWERED BY MOMENTUM MEDIA
Fund returns make flat start to 2017/18
Industry funds and retail funds returns started the new financial year neck and neck, according to the latest data released by Chant West.
The data, released today, revealed that super fund returns were flat over July with the median growth fund providing a zero return.
This meant that retail and industry funds finished equal, but Chant West noted that industry funds continued to hold the advantage over the medium and longer term, ahead by between 0.9 per cent and 1.6 per cent a year.
Looking at July, the Chant West analysis said listed shares, which were the main drivers of growth fund performance, produced mixed results over the month with Australian shares and international equities up 1.5 per cent on a hedged basis but undermined by the appreciation of the Australian.
It said listed property was also mixed, with Australian real estate investment trusts (REITs) down 0.2 per cent and global REITs up 0.9 per cent.
Commenting on the results, Chant West director, Warren Chant said the flat return in July had come as no surprise.
“While the economic outlook is looking much better than it did this time last year, investment markets have had a surprisingly good run and were set for a pause,” he said.
“We said a year ago that many asset sectors were close to being fully valued, and after a further run-up in prices it’s even harder now to identify undervalued assets that will deliver solid real returns. That’s going to be a serious challenge for super funds.”
Recommended for you
The Federal Court has ordered AustralianSuper to pay $27 million for failures to address multiple member accounts.
The country’s fourth-largest fund is targeting the “missing middle” of members with a new digital advice service in partnership with Ignition Advice.
The prudential regulator confirmed it is considering BUSSQ’s Federal Court appeal.
The Albanese government has put forward a bold proposal to tackle the challenges of Australia’s swelling retirement pool, in an effort to allow superannuation funds to play a more active role in shaping members’ retirement outcomes.
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(%)
