POWERED BY MOMENTUM MEDIA
International shares and listed property boost returns
Super funds can thank international shares and listed property for driving their strong performance over the year to 30 June 2015, according to SuperRatings.
Despite lacklustre in other markets the two sectors dominated with the median international shares option returning 19.2 per cent, and the ASX 300 A-REIT Index up 20.2 per cent.
SuperRatings founder, Jeff Bresnahan, said "Australian super funds earned a bigger boost from overseas shares because the falling Australian dollar further magnified international earnings."
Not-for-profit super funds were prominent performers in the top ten balanced option funds with the Commonwealth Superannuation Corporation Public Sector Superannuation Accumulation Plan (CSC PSSap) taking the top spot, returning 12.2 per cent.
"It was also pleasing to note two small funds made the highest rankings this year, proving that size doesn't matter when it comes to strong performance."
Intrust and AustSafe both have assets of less than $5 billion but produced strong returns of 11.1 per cent, and 10.7 per cent respectively, SuperRatings data revealed.
The data showed the strongest international share market performers were in Asia with Japan up 33.5 per cent and Hong Kong up 13.2 per cent. In contrast, the US based S&P500 increased just 5.2 per cent, and the UK-based FSE100 was down 3.3 per cent.
"Listed property was also a major contributor to strong super returns this year, with the ASX 300 A-REIT Index up 20.2 per cent for the year," the SuperRatings report said.
OnePath Integra — OnePath Global Shares came it at number one among the overall top ten funds returning 24.3 per cent, followed by Russell SS Emp — Russell International Shares Portfolio (24.1 per cent), and Perpetual WealthFocus — Perpetual Global Share Fund (24 per cent).
In the top ten pension performing balanced option category MTAA Super AP — Balanced took the top spot returning 13.1 per cent, followed by AustralianSuper Choice Income Account — Balanced (12.6 per cent), and UniSuper AP — Balanced (12.4 per cent).
Recommended for you
The proposed reforms have been described as a key step towards delivering better products and retirement experiences for members, with many noting financial advice remains the “urgent missing piece” of the puzzle.
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
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(%)
