POWERED BY MOMENTUM MEDIA
Super returns end year in positive territory
Most Australian superannuation fund members have experienced a third successive year of positive returns, according to the latest data released by SuperRatings.
According to the data, the pre-Christmas rally experienced on the Australian Securities Exchange (ASX) saw calendar year returns for the median balanced option fund reach 7.5 per cent.
However SuperRatings chairman, Jeff Bresnahan said this return hardly held a candle to the 16.3 per cent return recorded in 2013 but ensured that returns exceeded the balanced options longer term objective of beating the consumer price index by around 3.5 per cent a year.
The SuperRatings assessment said that international shares had been a strong driver of returns over the period, with the MSCI World Index returning 3.3 per cent in US dollar terms, meaning that Australian funds benefited from the falling Australian dollar.
The SuperRatings analysis said that returns across the industry over the past 10 years were not at a median of 6.3 per cent a year.
"So, despite much doom and gloom being bandied around due to world issues, markets appear to be trying to find every positive reason available to move forward," the analysis said.
Recommended for you
The superannuation industry will be judged by its member services rather than how effectively it accumulates wealth, according to Stephen Jones.
The profit-to-member super funds are officially operating as a merged entity, set to serve over half a million members.
Super Review announced 21 winners at the annual Super Fund of the Year Awards, including the recipient of the prestigious Fund of the Year Award.
A research firm has given UniSuper a glowing review, praising its strong leadership and “compact team”, as well as its “creditable governance” structure.
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
32.57 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
32.09 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
27.42 3 y p.a(%)
