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Low gains for super growth funds
Australian superannuation growth funds generally recorded minor gains over August with the median fund returning 0.3 per cent for the month, according to Morningstar.
Morningstar's superannuation survey found Energy Super was the best-performing growth fund for the year, returning 9.5 per cent, REI Super Balanced and AustralianSuper both followed at 8.1, Austsafe at seven per cent, and Optimum 6.8 per cent.
In terms of MySuper options, Energy Super Mysuper was the top performer over the year to August 2016 (9.5 per cent), followed by Hostplus Balanced (9.4 per cent), and CBUS Super Growth (9.3 per cent).
The survey found the best performing balanced super funds over the year were Australian Ethical Balanced (8.2 per cent), Energy Super Capital Management (eight per cent), and AustralianSuper Stable (7.25 per cent).
Growth assets had mixed results over the month with global equities as the top performer at 1.3 per cent, followed by Australian equities -1.6 per cent, global listed property -2.6 per cent, and Australian listed property at -2.8 per cent.
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CFS has credited its investment team’s disciplined approach to managing volatility as a key factor in delivering strong returns for MySuper members.
TelstraSuper has announced a return of 12.67 per cent for its MySuper Growth investment option for the calendar year.
The Super Members Council (SMC) has called for a removal of the “outdated” 30-hour threshold for workers under 18 to guarantee all young Australian workers receive a super start to work.
SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
36.43 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
35.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.72 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
27.64 3 y p.a(%)
just goes to show as usual, the Industry Super Funds absolutely kill the retail funds etc !! :-)