POWERED BY MOMENTUM MEDIA
Positive growth fund results
The median superannuation growth fund recorded a respectable 9.2 per cent for the calendar year despite growth assets producing generally poor results, according to Morningstar data.
Morningstar’s survey found Maple-Brown Abbott was the best performing growth fund for the year, returning 12.8 per cent, followed by Aon Balanced Growth (10.8 per cent), REST Super Core, and VicSuper FutureSaver Growth (both 10.3 per cent), and Energy Super Balanced (10.2 per cent).
Growth assets produced generally poor results over the month of January with Australian equity performing the best at -0.8 per cent, followed by global listed property -1.0 per cent, global equities -2.4 per cent, and Australian listed property at -4.8 per cent.
CBUS was the best performing MySuper option over the year to 31 January 2017 at 11.6 per cent, followed by Russell Balanced (11.4 per cent), AustralianSuper Balanced (11.3 per cent), and REST Super Core (10.3 per cent).
The best-performing balanced (40 to 60 per cent growth assets) super funds over the same period were Optimum Balanced Growth at 8.4 per cent, Energy Super Capital Managed at 8.2 per cent, and REST Super Balanced at eight per cent.
Recommended for you
Superannuation funds have posted another year of strong returns, but this time, the gains weren’t powered solely by Silicon Valley.
Australia’s $4.1 trillion superannuation system is doing more than funding retirements – it’s quietly fuelling the nation’s productivity, lifting GDP, and adding thousands to workers’ pay packets, according to new analysis from the Association of Superannuation Funds of Australia (ASFA).
Large superannuation accounts may need to find funds outside their accounts or take the extreme step of selling non-liquid assets under the proposed $3 million super tax legislation, according to new analysis from ANU.
Economists have been left scrambling to recalibrate after the Reserve Bank wrong-footed markets on Tuesday, holding the cash rate steady despite widespread expectations of a cut.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom 465 Calder Road Calder
99.46 3 y p.a(%)
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
78.55 3 y p.a(%)
4
BetaShares Crypto Innovators ETF
50.39 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
47.50 3 y p.a(%)
