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Industry funds on top again
Despite a generally positive 12 months for listed markets, particularly international equities, industry funds again outperformed retail funds for the year ended 30 June, according to the latest data from Chant West.
According to the Chant West analysis, industry funds returned 11.1 per cent compared to 9.7 per cent for industry funds and also held the advantage over the medium longer term, ahead between 0.7 per cent and 1.4 per cent.
The Chant West analysis of the full financial year revealed that funds had delivered their eighth consecutive year of positive returns, with the median growth fund up 10.7 per cent for 2016/17.
The company’s said that, among the major funds, double digit returns were common with HOSTPLUS taking top spot with 13.2 per cent, and even the worst performing fund in our growth category delivering a respectable 7.4 per cent.
Commenting on the result, Chant West director, Warren Chant said it had been an interesting and in some ways surprising year because the strong result had been achieved against a backdrop of considerable uncertainty, both political and economic.
“It just shows how markets – which represent the combined views of thousands of professional investors – are able to cut through the ‘noise’ and focus on the investment fundamentals,” he said.
The Top 10 Performing growth funds were:
| HOSTPLUS Balanced | 13.2 per cent |
| AustralianSuper Balanced | 12.4 per cent |
| Sunsuper Balanced | 12.3 per cent |
| First State Super Growth | 12.3 per cent |
| Intrust Balanced | 12.1 per cent |
| Cbus Growth (Cbus Mysuper) | 11.9 per cent |
| Kinetic Super Growth | 11.9 per cent |
| Catholic Super Balanced (MySuper) | 11.8 per cent |
| Vision Super Balanced Growth | 11.7 per cent |
| Energy Super Balanced | 11.7 per cent |
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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
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
Does the ATO allow an SMSF to be wound up (dissolved) and funds transferred to a super fund manager (whether retail or industry). That is so the amount does not have to exit super environment and reenter ??