Financial year super returns nudging double digits
Jeff Bresnahan
Australian superannuation fund members look like being rewarded with another financial year of double digit returns, according to the latest data released by Sydney-based ratings house SuperRatings.
The SuperRatings data, released today, revealed that financial year to date returns at the end of January were approaching 10 per cent on the back of strong investment markets.
Commenting on the performance, SuperRatings managing director Jeff Bresnahan said the challenge now facing superannuation funds was communicating the good news to members while at the same time educating them that such returns are not sustainable over the long term.
“The trick for the funds is to ensure that when a correction occurs, members understand that holding their long-term investment strategy is crucial,” he said.
According to the SuperRatings data, the top performing funds for the 12 months to January 31 within the SuperRatings Balanced Investment Options Index were Westscheme — Trustee Selection, which returned 16.9 per cent, MTAA Super Balanced, which returned 16.3 per cent, Catholic Super — Balanced (15.7 per cent) and Asgard Employer Super SMA Balanced (15.4 per cent).
AUTHOR
Mike Taylor
Recommended for you
The structural shift towards active ETFs will reshape the asset management industry, according to McKinsey, and financial advisers will be a key group for managers to focus their distribution.
ASIC has warned that practices across the $200 billion private credit market are inconsistent and, in some cases, require serious improvement.
A surge in electricity prices has driven the monthly Consumer Price Index to its highest level in a year, exceeding forecasts.
Infrastructure well-positioned to hedge against global uncertainty, says investment chief.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Loftus Peak Global Disruption Fund Hedged
118.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
75.00 3 y p.a(%)
3
DomaCom DFS Mortgage
67.30 3 y p.a(%)
4
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
61.11 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
60.93 3 y p.a(%)
