POWERED BY MOMENTUM MEDIA
Super funds ended 2014 on positive note
Australian superannuation fund returns were largely positive over the year to 31 December 2014, with an 8.5 per cent median return.
The Morningstar Australian Superannuation Survey also showed super funds also held their own over the long term, over three (13.2 per cent), five (8.1 per cent) and 10 years (6.3 per cent).
The median growth fund returned 1.4 per cent in December, with results ranging from 2.5 to 0.5 per cent.
Legg Mason Growth was the top performing growth fund over the year to 31 December at 11 per cent, while BT Active Balanced recorded 10.5 per cent, AMP Capital Balanced achieved 9.8 per cent and AMP Balanced Growth recorded 9.7 per cent.
Among balanced funds (40-60 per cent growth assets) BT Balanced Returns was the best performer (10.7 per cent), followed by State Super Balanced (8.6 per cent), and AMP Capital Moderately Conservative (8.4 per cent).
Multi-sector growth funds' average allocation to equities at 30 November was 56.3 per cent (28.5 per cent Australian and 27.8 per cent global), while property stood at 8.2 per cent.
Defensive assets made up 26.4 per cent on average (11.2 per cent domestic bonds, 6.4 per cent international, and 8.8 per cent cash).
Legg Mason Growth had the highest allocation to Australian shares (45.9 per cent), followed by Legg Mason Balanced (41.3 per cent), and Maple-Brown Abbott (35.3 per cent).
Recommended for you
AustralianSuper is poised to cement its leadership in the superannuation landscape over the next five years, with fresh research forecasting a sharp shift in the sector’s power dynamics.
The Reserve Bank of Australia (RBA) has warned that significant liquidity pressures could arise in the superannuation sector if multiple risks materialise at once, potentially amplifying shocks in the financial system.
Governor Michele Bullock took a more hawkish stance on Tuesday, raising concerns over Donald Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.63 3 y p.a(%)
3
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
5
Plato Global Alpha A
27.76 3 y p.a(%)
