POWERED BY MOMENTUM MEDIA
Super funds show growth in July: Chant West
Super funds median growth fund (61-80 per cent growth assets) grew 1.2 per cent for the month of July, following on from a 12.8 per cent return for the 2013/14 financial year.
Chant West data showed retail funds beat industry funds, returning 1.4 per cent against 1.2 per cent.
But industry funds beat out retail funds over a 15-year period, returning an annualised 7 per cent against retail funds' 5.8 per cent.
Chant West director Warren Chant said all five risk categories, from conservative to all growth, are ahead of its pre-GFC highs of October 2007.
Growth funds are 27 per cent above the pre-GFC high in October 2007, while the most aggressive all growth category is 17 per cent above its GFC high, Chant added.
"However, we do caution members that they shouldn't expect the double digit returns of the past two years every year," Chant said.
The data showed listed shares and property, which has an average weighting of around 57 per cent, had mixed results.
Australian shares rose 4.4 per cent, listed property rose 5 per cent, while global listed property climbed 1 per cent.
The one, three and five year median performance in fund categories from all growth to conservative reflected the robust performance of listed shares and property.
Aggressive fund categories, which invest more in these assets performed well.
But the seven year returns still seem to be held back by the ‘GFC-effect', Chant West's multi-manager survey showed.
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(%)
