POWERED BY MOMENTUM MEDIA
Balanced options are best, Canstar finds
While Catholic Super has topped Canstar’s top-performing super fund list with its employer sponsored aggressive option, it’s surprisingly balanced rather than growth options that round out the list.
The HOSTPLUS Personal Super Balanced, AustralianSuper Balanced, Sunsuper for life Lifecycle Balanced Pool, and CareSuper Employee Plan Balanced options all made Canstar’s list, with Cbus’s Growth option being the only other non-balanced option to feature.
The list looked at one, three and seven-year returns, with final ratings determined by that last metric. The top-rated option, Catholic Super’s Aggressive offering, returned -1.29, 7.59 and 10.49 per cent over each period respectively.
Catholic Super chief investment officer, Anna Shelley, said that the long-term nature of superannuation drove the fund to invest its younger members in aggressive settings, such as the option that topped the table.
She also said that she was particularly proud of the fact that the fund served so many teachers and nurses, who were mainly women.
Recommended for you
The super fund announced that Gregory has been appointed to its executive leadership team, taking on the fresh role of chief advice officer.
The deputy governor has warned that, as super funds’ overseas assets grow and liquidity risks rise, they will need to expand their FX hedge books to manage currency exposure effectively.
Super funds have built on early financial year momentum, as growth funds deliver strong results driven by equities and resilient bonds.
The super fund has announced that Mark Rider will step down from his position of chief investment officer (CIO) after deciding to “semi-retire” from full-time work.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
76.97 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
76.46 3 y p.a(%)
3
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
51.13 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
45.15 3 y p.a(%)
5
Select Baker steel Gold Institutional
43.78 3 y p.a(%)
