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Super funds see double-digit growth
Super funds saw double-digit average returns over the 2013/14 financial year, with the median fund in the Morningstar Multi-sector Growth universe returning 12.9 per cent.
Funds saw double digit returns despite an uninspiring June, which only showed a 0.1 per cent return.
Among growth super funds, Legg Mason Growth finished first at 18.8 per cent, followed by Legg Mason Balanced (15.9 per cent), MLC Growth (14.7 per cent), Maple-Brown Abbott (14.2 per cent), and Perpetual (13.8 per cent).
Among balanced super funds, BT Balanced returned 11.8 per cent, while AMP Moderate Growth returned 10.8 per cent and Energy Super returned 10.7 per cent.
However June was the highest performing month for median growth fund, which finished at 3.2 per cent.
But it dipped into negative territory in January (-0.1 per cent) and March (-0.4 per cent).
International shares finished on top (20.4 per cent), with Australian shares at 17.2 per cent, international property at 15.8 per cent and Australian property at 11.1 per cent.
Legg Mason Growth had the highest allocation to Australian shares (48.5 per cent), followed by Legg Mason Balanced (40.8 per cent), and State Super Growth (38.1 per cent).
Meanwhile, multi-sector growth super funds' average allocation to equities at 31 May was 56.5 per cent, with 29.9 per cent Australian and 26.6 per cent global.
Defensive assets stood at 24.4 per cent on average, with 10.2 per cent domestic bonds, 6.1 per cent international, and 8.1 per cent cash.
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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(%)
