Super returns exceed 15 per cent for balanced options
Sydney-based research house, SuperRatings has confirmed what a range of superannuation funds had already made clear — that super returns for 2004-05 finished the year in strong double digits, with some funds rewarding members with more than 15 per cent.
The SuperRatings data listed the top performing fund as being MTAA Balanced with a return to members of 15.5 per cent, followed by QSuper Balanced with 15.4 per cent and Unisuper Balanced with 15.1 per cent.
Commenting on the outcome, SuperRatings managing director Jeff Bresnahan pointed out that it was the second year in a row in which the median result had exceeded 13 per cent.
“This is outstanding by anyone’s measure,” he said.
According to SuperRatings, the top 10 funds in the balanced investment arena for 2004-05 were:
1. MTAA Super Balanced (65/35) +15.5 per cent
2. QSuper Balanced (75/25) +15.4 per cent
3. UniSuper Balanced (70/30) +15.1 per cent
4. ARF Balanced (75/25) +14.5 per cent
5. Catholic Super Fund Balanced (70/30) +14.3 per cent
5. CARE Super Balanced (70/30) +14.3 per cent
5. REST Diversified (75/25) +14.3 per cent
8. Health Super Medium Term (70/30) +14.2 per cent
8. Intrust Super Fund Balanced (75/25) +14.2 per cent
10. HOSTPLUS Balanced (76/24) +14.0 per cent
10. Sunsuper Balanced (70/30) +14.0 per cent.
While the SuperRatings data indicated best returns of over 15 per cent for the balanced investment option, investment results released by individual funds suggested that members prepared to adopt higher risk profiles did even better.
AUTHOR
Mike Taylor
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