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
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(%)
