POWERED BY MOMENTUM MEDIA
Balanced options eke out small return in 2011-12
The median balanced fund achieved a 0.4 per cent positive return for the 2011-12 financial year despite the challenges in local and global equity markets, according to SuperRatings research.
Despite such a measly return, SuperRatings' founder Jess Bresnahan said it came during one of the most difficult times in two decades.
"Hence, it should be seen for what it is - namely, the third consecutive positive gain for balanced options since the lows of the GFC and a return that has consolidated 20 per cent gains for the average Australian superannuation account over the last three years," he said.
But those approaching or in retirement were forced to realise a -0.2 per cent loss since the onset of the global financial crisis almost five years ago, he said.
However, the long-term annualised return since the onset of compulsory super 20 years ago was 6.6 per cent - in line with the CPI+3.5 per cent per annum many balanced funds aim to achieve, according to SuperRatings.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
A major super fund has defended its use of private markets in a submission to ASIC, asserting that appropriate governance and information-sharing practices are present in both public and private markets.
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
37.15 3 y p.a(%)
3
GAM LSA Private Shares AU I
33.96 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.68 3 y p.a(%)
5
Plato Global Alpha A
28.73 3 y p.a(%)
