CareSuper and REST finish on top

Two of Australia’s larger industry superannuation funds — CareSuper and REST — have emerged at the top of the SuperRatings table for having generated the best relative returns last financial year.

SuperRatings managing director Jeff Bresnahan said CareSuper had returned negative 7.6 per cent to members within the balanced category, while REST had returned negative 7.8 per cent in the growth category.

The top 10 funds in the balanced investment option for last financial year were CareSuper (-7.6 per cent), equipsuper Corp (-8.3 per cent), First State Super (-8.3 per cent), OSF Super (-8.6 per cent), LG Super (-9 per cent), UniSuper (-9.1 per cent), Club Plus Super (-9.5 per cent), Asgard Emp Super (-9.8 per cent) Catholic Super (-9.9 per cent) and Health Super (-9.9 per cent).

The top 10 funds in the growth investment options were REST Core Strategy (-7.8 per cent), REST Diversified (-8.4 per cent), Catholic Super (-10.7 per cent), CareSuper (10.8 per cent), Combined Fund (-11 per cent), equipsuper Corp (-11.5 per cent), Qantas Super (-11.6 per cent) Media Super (-12.1) per cent, OSF Super (-12.2 per cent) and Auscoal Super (-12.5 per cent).