Strong start to 2015 delivering super returns
Super funds have continued to grow steadily in 2015 on the back of listed share markets, according to superannuation research firm Chant West.
Australian shares increased by 6.9 per cent, while international shares rose 5.9 per cent in hedged terms and 5.3 per cent unhedged. Listed property was mixed with Australian real estate investment trusts (REITs) up 3.7 per cent and global REITs down 0.7 per cent.
Chant West also said that the median growth fund (61 to 80 per cent growth assets) rose 3.1 per cent in February, following a two per cent rise in January.
"There were several factors that contributed to the positive share market sentiment in February, including a rebound in oil prices," Chant West's director, Warren Chant, said.
"We also saw improving economic data in the Euro zone, and optimism over the impact of the European Central Bank's newly-implemented asset purchasing programme. Easing of concerns surrounding Greece and Russia also helped the market's mood."
Chant said that a 27 per cent of a typical growth fund were in Australian shares, and 26 per cent in international shares.
The firm also found that retail funds and industry funds had a return of 3.2 per cent and 3.1 per cent respectively in February. However, industry funds still hold the advantage in the longer term with a return of 7.3 per cent per annum against 6.2 per cent for retail funds over the 15 years to February 2015.
Recommended for you
The Actuaries Institute has released a framework to help super funds deliver affordable guidance and advice to millions approaching retirement.
Labor’s finance minister has dismissed claims the government directs super fund investments after questions over Australia’s new US deal.
Australia’s average superannuation balance has climbed to a record high, with women’s savings share rising and reliance on the age pension falling.
APRA has softened several governance reform proposals following extensive consultation with banks, insurers, and super funds across Australia.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
215.17 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
118.15 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
75.00 3 y p.a(%)
4
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
61.11 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
60.93 3 y p.a(%)
