No accrued default products left
The $10 billion of accrued default product assets that were left in March 2017 have been reduced to $0 as they have all been driven to MySuper products by the end of the June 2017 quarter.
According to the Australian Prudential and Regulation Authority’s (APRA’s) latest quarterly superannuation statistics reports, total assets in MySuper products totalled $594.7 billion at the end of the June 2017 quarter.
“Over the 12 months from June 2016 there was a 25.5 per cent increase in total assets in MySuper products,” the report said.
By the end of the June 2017 quarter super assets totalled #2.3 trillion, and over the 12 months from June 2016 there was a 10 per cent increase in totally super assets.
MySuper products now account for 41.1 per cent of total APRA-regulated assets, up 4.1 per cent since the end the June 2016 quarter.
The APRA report also found that the total number of MySuper products has remained unchanged since the March 2017 quarter of 111.
Recommended for you
State Super has begun its partnership with Frontier Advisors, transferring investment staff and taking a major equity stake to support long-term capability.
The fund has recorded double-digit MySuper gains over the year to 31 October, outperforming market medians and highlighting global equities and private credit positioning.
The regulator invited industry feedback on stamp duty and private debt disclosure reforms following its targeted review of investment reporting.
The winners have been announced for the 2025 Super Fund of the Year Awards, held in Melbourne on 26 November.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
220.82 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
110.57 3 y p.a(%)
3
Quay Global Real Estate Fund (Unhedged) Active ETF Hedged
89.04 3 y p.a(%)
4
SGH Income Trust Dis AUD
80.18 3 y p.a(%)
5
Global X 21Shares Bitcoin ETF
76.11 3 y p.a(%)
