POWERED BY MOMENTUM MEDIA
Super returns finish 2016 in black
Superannuation fund returns finished the 2016 calendar solidly in the black, according to data provided by SuperRatings.
The ratings house said that despite the significant drawdowns experienced in early 2016, as well as a series of smaller volatility spikes throughout the year, super fund returns had generally proved capable of riding out the storm with the median balanced option returning an estimated 7.2 per cent over the 12 months to 31 December 2016.
It said this was just slightly below the 7.7 per cent a year average seen over the last seven years.
The SuperRatings analysis said that despite the volatility experienced throughout 2015 and 2016, annual returns appeared to have stabilised since 2011, with the rolling five-year return hitting 9.5 per cent and funds generating the fifth consecutive year of positive returns.
It said longer-term returns had also continued to sit close to funds' inflation targets, with the seven-year return sitting at an estimated seven per cent a year, while the 10-year return was sitting at 5.2 per cent a year.
Recommended for you
In its pre-election policy document, the FSC highlighted 15 priority reforms, with superannuation featuring prominently, urging both major parties to avoid changing super taxes without a comprehensive tax review.
The Grattan Institute has labelled the Australian super system as “too complicated” and has proposed a three-pronged reform strategy to simplify superannuation in retirement.
Super funds delivered a strong 2024 result, with the median growth fund returning 11.4 per cent, driven by strong international sharemarket performance, new data has shown.
Australian Ethical has seen FUM growth of 27 per cent in the financial year to date.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
36.43 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
35.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.72 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
27.64 3 y p.a(%)
