Socially-responsible super funds are paying off for members with funds taking this approach offering the best rewards in the balanced sector.
The best-performing balanced super fund over one year to 30 September, 2021, was ANZ Smart Choice Super Legg Mason Diversified which returned 18.9%.
Australian Ethical Balanced Accumulation and Australian Catholic Super Socially Responsible Option were also in the top five and both focused on investing responsibly. They had returns of 18.8% and 18.6% respectively.
The Mixed Asset Balanced sector had returned 12.8% over the same period within the Australian superannuation universe.
Performance of balanced super funds versus sector over one year to 30 September 2021
Looking over three years, the best-performing balanced super fund on a total return basis was Australian Catholic Super Socially Responsible Option which returned 33.7% followed by Australian Ethical Balanced Accumulation which returned 33.4% and Australian Catholic Super MySuper Balanced Option which had returns of 31.6%.
This compared to returns of 18.3% by the Mixed Asset Balanced sector of 18.3%.
Performance of balanced super funds versus sector over three years to 30 September 2021
The $9 billion fund is backing agriculture investor GO.FARM, with its capital already directed towards enhancing two key assets.
Brighter Super is considerably scaling down the investment options it offers members in order to reduce costs.
Amid a challenging market environment, three super fund CIOs have warned against ‘jumping at shadows’.
The professional body is calling for the annual performance test to transition to a two-metric test, so it better aligns with the overarching duty of super fund trustees to act in the best financial interests of their members.
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