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Retail and industry funds share Heron ratings
Retail superannuation funds, including those offered by AMP have shared the laurels with industry and corporate funds in the latest Heron Partnership Quality Star Ratings released this week.
The ratings covered 190 major superannuation products, which included 39 commercial products, 45 industry funds, eight Government-designated funds, 21 specialist corporate products and 77 pension funds.
Of the 113 superannuation products assessed, 82 were judged as outstanding quality and awarded 5 Heron Quality Stars.
Commenting on the assessment, Heron Partnership managing director, Chris Butler said the primary goal of the rating process was to provide a realistic and objective representation of the product strengths and weaknesses.
The Heron ratings also covered MySuper products which saw 22 funds awarded five star status, with industry superannuation funds dominating.
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TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
