POWERED BY MOMENTUM MEDIA
Super funds pushed through macro noise to deliver 15%
Median balanced superannuation funds will have an annual return of about 15% by the end of the year and this is a result not seen since 2013, according to SuperRatings.
According to SuperRatings, funds had “done a good job” of managing uncertainty brought by global risks and challenging economic conditions.
It said over the past five years the median balanced options returned an estimated 7.9% per annum, compared to 8.7% per annum for growth and 4.9% per annum for capital stable.
The median balanced pension option over 2019 returned an estimate 16.3% year-to-date to the end of November, compared to 19.6% for growth and 9.6% for capital stable.
SuperRatings executive director, Kirby Rappell, said: “It’s been a nervous year for investors, so it’s great to see that super can deliver some much-needed stability and solid returns during this period. There might not be a lot of positive economic news at the moment, but at least super is one story we can all draw some hope from.
“We expect to see an increase in fund mergers in 2020, but it’s important that regulatory responses don’t move us towards a one-size-fits-all approach, which could be detrimental to member outcomes."
Recommended for you
Superannuation funds have posted another year of strong returns, but this time, the gains weren’t powered solely by Silicon Valley.
Australia’s $4.1 trillion superannuation system is doing more than funding retirements – it’s quietly fuelling the nation’s productivity, lifting GDP, and adding thousands to workers’ pay packets, according to new analysis from the Association of Superannuation Funds of Australia (ASFA).
Large superannuation accounts may need to find funds outside their accounts or take the extreme step of selling non-liquid assets under the proposed $3 million super tax legislation, according to new analysis from ANU.
Economists have been left scrambling to recalibrate after the Reserve Bank wrong-footed markets on Tuesday, holding the cash rate steady despite widespread expectations of a cut.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom 465 Calder Road Calder
99.46 3 y p.a(%)
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
78.55 3 y p.a(%)
4
BetaShares Crypto Innovators ETF
50.39 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
47.50 3 y p.a(%)
