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
The funds have confirmed the signing of a successor fund transfer deed, moving closer to creating a new $29 billion entity.
A number of measures, including super on Paid Parental Leave, funding to recover unpaid super, and frameworks to encourage investment in the energy transition, have been welcomed by the superannuation industry.
A professional says all roads will lead back to superannuation in the next election.
Iress has said that incident involving the unauthorised access reported this week extends beyond what was initially reported.
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(%)
Add new comment