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Super returns end year in positive territory
Most Australian superannuation fund members have experienced a third successive year of positive returns, according to the latest data released by SuperRatings.
According to the data, the pre-Christmas rally experienced on the Australian Securities Exchange (ASX) saw calendar year returns for the median balanced option fund reach 7.5 per cent.
However SuperRatings chairman, Jeff Bresnahan said this return hardly held a candle to the 16.3 per cent return recorded in 2013 but ensured that returns exceeded the balanced options longer term objective of beating the consumer price index by around 3.5 per cent a year.
The SuperRatings assessment said that international shares had been a strong driver of returns over the period, with the MSCI World Index returning 3.3 per cent in US dollar terms, meaning that Australian funds benefited from the falling Australian dollar.
The SuperRatings analysis said that returns across the industry over the past 10 years were not at a median of 6.3 per cent a year.
"So, despite much doom and gloom being bandied around due to world issues, markets appear to be trying to find every positive reason available to move forward," the analysis said.
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TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
59.27 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
32.82 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
32.44 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.01 3 y p.a(%)
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