POWERED BY MOMENTUM MEDIA
Positive results for growth funds
Australian superannuation median growth funds returned a positive 7.5 per cent for the 2016 calendar year thanks to Australian listed property returning 13.2 per cent in December, according to Morningstar.
The research house's latest survey found Australian listed property was the best-performing growth asset class in December 2016, followed by Australian equities (11.8 per cent), global listed property (8.3 per cent), and global equities (7.9 per cent).
Maple-Brown Abbott was the best performing growth fund for the year, returning 10 per cent, followed by Care Super Balanced (9.4 per cent), Optimum Growth and Energy Super Balanced (both at 8.8 per cent), and HESTA Super Core Pool (8.4 per cent).
CBUS Growth was the top MySuper option over the year to 31 December 2016 at 9.6 per cent, followed by Care Super Balanced (9.4 per cent), and Energy Super (8.8 per cent).
The survey found the best performing balanced (40 to 60 per cent growth assets) super funds were Energy Super Capital Managed (7.3 per cent), Optimum Balanced Growth (7.1 per cent), and EISS Super (6.6 per cent).
Recommended for you
Future Group is set to take on nearly $1 billion in funds under management (FUM) and welcome more than 100,000 new members following two significant successor fund transfers.
Insignia’s Master Trust business suffered a 1.9 per cent dip in FUA in the third quarter, amid total net outflows of $1.8 billion.
While the Liberal senator has accused super funds of locking everyday Australians out of the housing market, industry advocates say the Coalition’s policy would only push home ownership further out of reach.
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
