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AustralianSuper leads balanced mixed asset funds
AustralianSuper has led the way with balanced options, with its standard Balanced Option and Socially Aware Investment Option being the first and third best-performing in the 2020-21 financial year.
According to FE Analytics, within the Australian Superannuation universe, AustralianSuper’s Balanced Option was the best-performing option with a return of 22.41% during the 2020-21 financial year.
This was followed by AMP SuperLeader AMP Responsible Investment Leaders Balanced (21.49%), Australian Super Socially Aware Investment Option (21.22%), CFS First Choice Multi-Index Moderate (18.84%) and Zurich NZI Superannuation Bond Australian (18.42%).
The mixed asset – balanced average sector return over the financial year was 13.45%.
Both AustralianSuper funds had roughly a 75/25 split between growth and defensive assets.
Both had just under a quarter invested in Australian shares, a third in international shares, 4% in private equity, 5% in direct property, 12 in infrastructure, 6% in fixed interest and 8.5% in cash.
Both funds had the same investment target, which was to beat CPI by 4% p.a., but the Socially Aware fund had environmental, social and governance (ESG) screening.
Breakdown of AustralianSuper Balanced and Socially Aware options
Source: AustralianSuper
The AMP Responsible Investment Leader Balanced fund was a closed product, part of the AMP SuperLeader line.
The CFS First Choice Multi-Index Moderate was 60% growth/40% defensive, and held 32% in global equities and 23% in Australian equities.
Best-performing mixed asset – balanced funds over the year to 30 June 2021
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TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom 465 Calder Road Calder
99.46 3 y p.a(%)
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
78.55 3 y p.a(%)
4
BetaShares Crypto Innovators ETF
50.39 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
47.50 3 y p.a(%)
looks like a typical high growth fund to me. Which BT Lifestage 1970s beat AustralianSuper hands down
There needs to be consistency in what is called growth and what is defensive. And what is other? Property is a growth asset but is now reported as 50% defensive so a fund which holds >80% growth assets can be categorised as balanced. This is misleading for consumers but seems to be OK with the regulators.