More double-digit returns
Australian superannuation fund members look set to be rewarded with another year of double-digit returns, according to the latest data published by SuperRatings.
The Sydney-based research house reported in late April that Australia’s largest superannuation funds were headed towards their highest real returns for over a decade, with the median super balanced investment option gaining a further 2.9 per cent in March, generating a financial year to date return as at March 31 of 15.2 per cent.
Looking at the default balanced investment option returns for the nine months to March 31, the SuperRatings data named the top five funds as being:
* ING Integra Super — Optimix Balanced (18.5 per cent);
* STA Super — Balanced (17.8 per cent);
* AMP Custom Super — Balanced Growth (17.2 per cent);
* TISS — Diversified Option (17 per cent); and
* MTAA Super — Balanced (16.9 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
DomaCom DFS Mortgage
215.17 3 y p.a(%)
2
Lakehouse Small Companies
152.92 3 y p.a(%)
3
Loftus Peak Global Disruption Fund Hedged
118.15 3 y p.a(%)
4
Global X 21Shares Bitcoin ETF
75.00 3 y p.a(%)
5
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
61.11 3 y p.a(%)
