POWERED BY MOMENTUM MEDIA
Superannuation growth funds fall in June
Australian superannuation growth funds have posted falls in June, with the median fund returning -1.1 per cent for the month, according to Morningstar.
The Australian Superannuation Survey, which covers the performance of the Australian retirement savings vehicles to June 30, 2016, revealed that the individual results ranged from 0.5 down to -2.6 per cent.
At the same time, median results over the longer term for growth funds were 8.1 per cent over the three years, and 8.2 per cent and five per cent over the five and 10 years, respectively.
According to Morningstar's study, the best-performing growth fund for the year, returning 5.3 per cent, was REI Super Balanced, followed by AustralianSuper Conservative Balanced (4.9 per cent) and Energy Super Balanced (4.5 per cent).
As far as the balanced superfunds were concerned, the best-performer for the year in June was AustralianSuper Stable (5.2 per cent), followed by Australian Ethical Balanced and Energy Super Capital Guaranteed (both 4.2 per cent).
Growth assets produced mixed results in June, with Australian listed property being the best-performing asset class (3.5 per cent), followed by global listed property (2.6 percent), Australian equities (-2.4 percent), and global equities (-3.8 percent).
Meanwhile, multisector growth superfunds' average allocation to equities was 57.8 per cent: 27.4 per cent Australian and 30.4 per cent global, while the average property exposure was 10.3 per cent.
Recommended for you
Governor Bullock took a more hawkish stance on Tuesday, raising concerns over Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
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(%)
