POWERED BY MOMENTUM MEDIA
Which two funds saw positive returns in 2022?
Annual data from SuperRatings has revealed the performance of superannuation funds in a difficult year with only two managing to achieve positive performance.
The median balanced fund saw negative returns of 4.8% in 2022, compared to positive returns of 13.4% during 2021.
This was only the fourth time in 22 years that members had seen a fall in balances, the research house said, and was driven by declines in property and international shares.
The top-performing fund was Perpetual Balanced Growth fund with returns of 1.7% followed by First Super Balanced which returned 0.1%. In third place was CareSuper Balanced which lost 2%.
However, SuperRatings reminded members that super was a long-term product and that over 10 years, funds had delivered better performance. The Hostplus Balanced fund had delivered 9.1% per annum on a 10-year basis while AustralianSuper Balanced had delivered 8.8%.
SuperRatings executive director, Kirby Rappell, said: “While members may be disappointed with this year’s performance, if we look at the long term, funds continue to perform well against objectives. With more uncertainty ahead, it remains important to set your strategy and try to ignore the current market".
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Recommended for you
Insignia’s Master Trust business suffered a 1.9 per cent dip in FUA in the third quarter, amid total net outflows of $1.8 billion.
While the Liberal senator has accused super funds of locking everyday Australians out of the housing market, industry advocates say the Coalition’s policy would only push home ownership further out of reach.
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.
As institutional investors grapple with shifting sentiment towards US equities and fresh uncertainty surrounding tariffs, Australia’s Aware Super is sticking to a disciplined, diversified playbook.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
