POWERED BY MOMENTUM MEDIA
Asia Pacific ex Japan super funds outshine Aussie equities
It was much better to be invested in an Asia Pacific ex Japan equity focused superannuation fund than an Australian equity focused fund during the COVID-19 pandemic, according to data.
According to FE Analytics, the sector average return for the Asia Pacific ex Japan funds during 2020 was 18.73% compared to 2.21% for the Australian equity funds.
Asia Pacific ex Japan equity super fund sector v Australian equity super fund sector in 2020
Source: FE Analytics
All of the average Asia Pacific ex Japan funds also managed to recover the March sell-off losses and continued to deliver returns while the average Australian equity fund did not recover losses.
The top-performing Asia Pacific ex Japan fund was ANZ ASA BT Wholesale Asian Share Manager with a return of 25.85%.
This was followed by MLC MK Business Super Platinum Asia at 25.37%, CFS FC W PersonalSuper Platinum Wholesale Asia at 24.55%, CFS Platinum Asia Select at 24.4%, and CFS FC PersonalSuper Platinum Asia at 24.16%.
Top-performing Asia Pacific ex Japan equity super funds v sector in 2020
Source: FE Analytics
At the other end of the scale the poorest performing fund was AMP Flex LifetimeSuper and CustomSuper Future Directions Asian Share at 5.97%, which still beat the average Australian equity fund.
This was followed by AMP Flexible Super Super Future Directions Asian Share at 6.47%, AMP SignatureSuper Future Directions Asian Share at 6.75%, CFS FC PersonalSuper FirstChoice Asian Share 9.98%, and CFS FC W PersonalSuper FirstChoice Wholesale Asian Share at 10.32%.
Bottom performing Asia Pacific ex Japan equity super funds v sector in 2020
Source: FE Analytics
Recommended for you
The two funds have announced the signing of a non-binding MOU to explore a potential merger.
The board must shift its focus from managing inflation to stimulating the economy with the trimmed mean inflation figure edging closer to the 2.5 per cent target, economists have said.
ASIC chair Joe Longo says superannuation trustees must do more to protect members from misconduct and high-risk schemes.
Super fund mergers are rising, but poor planning during successor fund transfers has left members and employers exposed to serious risks.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.24 3 y p.a(%)
4
Pengana High Conviction Equities B
40.36 3 y p.a(%)
5
Pengana High Conviction Equities A
40.34 3 y p.a(%)
