POWERED BY MOMENTUM MEDIA
Positive returns for super growth funds
The Australian median superannuation growth fund returned 2.3 per cent for the month of May on the back of global equities taking the lead in the growth asset class, according to Morningstar.
Morningstar's latest super survey found AustralianSuper Conservative Balanced was the best-performing growth fund for the year to May returning 3.8 per cent. This was followed by Energy Super Balanced (3.7 per cent), Care Super Balanced (3.5 per cent), and REI Super Balanced (3.3 per cent).
Top growth asset performer, global equities returned six per cent, followed by Australian equities (3.1 per cent), Australian listed property (2.6 per cent), and global listed property (1.9 per cent).
Multisector growth super funds' average allocation to equities was 54.2 per cent, with 26.8 per cent for global and 27.4 per cent for Australian.
Defensive assets totalled 24.3 per cent on average, broken into 10.3 per cent for domestic bonds, six per cent international, and eight per cent cash.
Recommended for you
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The Super Members Council (SMC) has called for a removal of the “outdated” 30-hour threshold for workers under 18 to guarantee all young Australian workers receive a super start to work.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(%)
