POWERED BY MOMENTUM MEDIA
Top growth super funds include two ethical funds
Two ethical and sustainable growth superannuation funds have been some of the top-performing growth funds in 2020, according to data.
With the COVID-19 pandemic rocking markets last year, the sector’s average return for growth super funds was 1.9%, according to FE Analytics data.
The top two performing funds in this sector were Suncorp funds – Brighter Super Personal Suncorp Multi-Manager Growth and Brighter Super Business Suncorp Multi-Manager Growth both at 9.56%.
These were followed by HESTA Sustainable Growth (previously Eco Pool) at 9.36%, Australian Ethical Growth at 6.35%, and Sunsuper Balanced Index at 6.15%.
Top-performing growth super funds in 2020
Source: FE Analytics
HESTA said its Sustainable Growth fund excluded investing in uranium, fossil fuels, tobacco, and controversial weapons. The fund invested in environmental, social and governance performance companies, sustainable properties, and sustainable solutions.
“Only companies that generate environmental benefits through reduced reliance on fossil fuels, energy, and resources are included in this option,” HESTA said.
On the other end of the scale, the poorest-performing fund was CFS FC W PersonalSuper Milliman W Managed Risk M-I High Growth at a loss of 8.28%.
Over the long term, it was Australian Super High Growth Option that was the top performer at 153.07% over the 10 years to 31 December, 2020.
This was followed by QSuper Aggressive Option (141.26%), Sunsuper Growth Option (131.22%), AON ACS Growth Index (130.67%), and MLC MK Super Fundamentals Horizon 5 Growth Portfolio (124.39%). The sector average for growth super funds for the same time period was 85.89%.
AXA Superguard II Property Biased Portfolio was the poorest-performing fund over 10 years at 48.32%.
Top-performing growth super funds over 10 years to 31 December 2020
Source: FE Analytics
Recommended for you
Super funds had a “tremendous month” in November, according to new data.
Australia faces a decade of deficits, with the sum of deficits over the next four years expected to overshoot forecasts by $21.8 billion.
APRA has raised an alarm about gaps in how superannuation trustees are managing the risks associated with unlisted assets, after releasing the findings of its latest review.
Compared to how funds were allocated to March this year, industry super funds have slightly decreased their allocation to infrastructure in the six months to September – dropping from 11 per cent to 10.6 per cent, according to the latest APRA data.
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
31.73 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
30.15 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.71 3 y p.a(%)
