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Global equity super funds return best in Q1
The first quarter of 2021 saw the average global equity-focused superannuation funds beat out returns of its Australian equity and Asia Pacific ex Japan equity counterparts, according to data.
FE Analytics data found the global equity super sector average return was 6.07% over the three months to 31 March, 2021.
This was compared to 4.15% from Australian equity super funds and 3.87% from Asia Pacific ex Japan equity super funds.
The top performing global equity super fund was CFS FC PSup-Acadian Geared Global Equity at 18.47%.
This was followed by CFS FC W PSup-Acadian W Geared Global Equity (18.45%), ANZ ASA Optimix Global Smaller Companies (15.1%), OnePath OA Frontier TTR-OptiMix Global Smaller Companies Share (15.06%), and OnePath OA Frontier PS-OptiMix Global Smaller Companies Shares (15.05%).
Returns of Asia Pacific ex Japan, Global, and Australian equity super fund sectors during Q1 2021
Source: FE Analytics
The CFS Acadian Geared Global Equity fund had its largest geographic allocation towards North America at 62.33%, followed by Europe at 23.28%, Asia at 7.95%, Japan at 4.56%, and the Middle East at 1.43%.
Four out of its five top holdings, as at 30 November 2020, were tech firms Apple, Microsoft, Amazon, Alphabet, and rounding the five was Procter and Gamble.
However, over the longer term it was the Asia Pacific ex Japan focused super funds that took the lead with the sector average returning 77.9% over the five years to 31 March, 2021.
This was followed by global equity focused super funds at 69.9%, and Australian equity focused super funds at 52%.
Returns of Asia Pacific ex Japan, Global, and Australian equity super fund sectors over the five years to 30 March 2020
Source: FE Analytics
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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
32.57 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
32.09 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
27.42 3 y p.a(%)
