POWERED BY MOMENTUM MEDIA
Super funds enter negative territory
Australian superannuation funds entered negative territory for the third time over the past 12 months with all funds recording negative returns, according to Morningstar.
Morningstar's report found the poor June results prevented the median growth fund from reaching double-digit returns over the financial year to 30 June 2015.
The median growth fund fell just short, returning 9.9 per cent. Over three years the media returns were at 13 per cent, and 9.5 per cent over five years.
The best-performing growth super funds were Legg Mason Growth (12.7 per cent), followed by AMP Balanced Growth (12.5 per cent), and AMP Capital FD Balanced (11.5 per cent).
Best-performing balanced (40 to 60 per cent growth assets) super funds were BT Balanced returns at 10.3 per cent, followed by REST Super Balanced (nine per cent), and AMP Moderately Conservative (8.8 per cent).
Global equities were the standout performance among asset classes over the year at 25.2 per cent. This was followed by Australian listed property (20.3 per cent), global listed property (9.3 per cent), and Australian shares (5.6 per cent).
Recommended for you
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.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
