Despite tumultuous markets in 2020 brought by the COVID-19 pandemic, over 90% of balanced superannuation funds made a return during the year, with the top fund returning over 11%, according to data.
FE Analytics data found, within the Australian Superannuation universe, Australian Catholic Super’s MySuper Balanced Option was the top balanced fund performer at 11.4% with the sector average of 2.7%, over the year to 31 December, 2020.
This was followed by AMP SignatureSuper MySuper Macquarie Balanced Growth at 8.47%, AMP SignatureSuper Macquarie Balanced Growth at 8.04%, Australian Ethical Balanced Accumulation at 7.98%, and Suncorp Brighter Super Personal Suncorp Multi Manager Balanced and Suncorp Bright Super Business Suncorp Multi Manager both returned 7.97%.
Top-performing balanced superannuation funds v sector in 2020
Source: FE Analytics
However, 19 funds saw losses last year with the bottom performer, OnePath Life DIY Super Balanced, losing 4.6%. This was followed by ClearView Superannuation and Roll-overs Assertive (-1.9%), Crescent Wealth Super Balanced option (-1.6%), ClearView Superannuation and Rollovers Diversified Balanced (-1.41%), and ClearView Rollover Bond Diversified Balanced (-1.37%).
Over the longer term, Australian Super’s Balanced Option was the top performer with a return of 54.06% over the five years to 31 December, 2020. The sector average was 28.02%.
AMP SIGS MySuper Macquarie Balanced Growth again came second at 48.54%, followed by CareSuper Sustainable Balanced at 47.41%, CareSuper Balanced at 47.25%, and Australian Ethical Balanced Accumulation at 46.22%.
Top-performing balanced superannuation funds v sector over the five years to 31 December 2020
Source: FE Analytics
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
Add new comment