POWERED BY MOMENTUM MEDIA
Super funds get a boost in February
The median superannuation fund returned 2.2 per cent in February, according to the latest Morningstar Australian Superannuation Survey.
Longer-term annualised results for the median growth fund were 14.1 per cent over one year, 7.1 per cent over three years, 3 per cent over five years and 7.1 per cent over the 10 years to 28 February 2013.
The returns were the result of growth assets performing strongly in February, according to Morningstar. The ASX300 rose by 5.3 per cent, international shares were up 1.9 per cent, Australian property securities rose 3.5 per cent, and global property securities were up 1.7 per cent in February.
The best-performing growth superannuation fund over the three years to 28 February this year were the Legg Mason Balanced fund and the REST Super Core fund, which both returned 9.2 per cent.
Over the five years to 28 February 2013 the best-performing funds were Schroder Superannuation (6.1 per cent), REST Super Core (5.8 per cent) and Perpetual Balanced Growth (4.5 per cent).
Morningstar also conducted its Australian Institutional Sector Survey, which found that the median Australian share fund manager outperformed the index by 0.3 per cent for the month of February, returning 5.6 per cent.
The median Australian share fund manager returned 24.1 per cent over one year, 8 per cent over three years and 3.9 per cent over five years.
The best performing Australian share strategies over the 12 months to 28 February 2013 were Dalton Nicol Reid (38.4 per cent), Hyperion 300 (37.5 per cent) and Hyperion (34.9 per cent).
The median international share fund manager returned 1.9 per cent over February, 16.2 per cent over the year and 5.2 per cent over the three years to 28 February 2013.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.
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(%)
