POWERED BY MOMENTUM MEDIA
September subdued for super funds: Chant West
Nervousness and risk aversion among investors saw super funds lose ground in September compared to the first two months of the financial year, Chant West reported.
The median growth fund (61 to 80 per cent growth assets) recorded a 1.7 per cent gain for the September quarter, which Chant West called respectable.
"Fear and volatility returned to global markets in September, and that mood has only deepened in October so far," Chant West director Warren Chant said.
While investors remained "reasonably sanguine" about the economic outlook for the first two months of the financial year as they focused on the recovering US economy, they could not ignore the fact that Europe risked going back into recession and/or deflation.
Listed shares and property markets were the biggest contributors to September's growth fund performance, with Australian shares falling 0.6 per cent partly due to falling commodity prices, but also because investors are scurrying to the safety of bonds.
International shares rose 0.9 per cent in hedged terms, and 5.7 per cent in unhedged terms due to the steep decline of the Australian dollar.
Australian listed property had positive returns of 1.2 per cent, while international listed property went back 1.3 per cent.
Industry and retail funds were neck and neck in the September quarter, returning 1.7 per cent and 1.6 per cent respectively.
But over 15 years, industry funds returned an annualised 7.1 per cent, while retail funds returned 6 per cent.
Recommended for you
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.
As institutional investors grapple with shifting sentiment towards US equities and fresh uncertainty surrounding tariffs, Australia’s Aware Super is sticking to a disciplined, diversified playbook.
Market volatility continued to weigh on fund returns last month, with persistent uncertainty making it difficult to pinpoint how returns will fare in April.
The Association of Superannuation Funds of Australia (ASFA) has called for the incoming government to prioritise “certainty and stability” when it comes to super policy.
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(%)
