POWERED BY MOMENTUM MEDIA
Data confirms super year
Sydney-based research house, SuperRatings has confirmed what recent announcements by a range of superannuation funds had already made clear - that super returns for 2004-05 finished the year in strong double digits, with some funds rewarding members with more than 15 per cent.
The SuperRatings data listed the top performer as being the Motor Trades Association of Australia Superannuation (MTAA) balanced fund with a return to members of 15.5 per cent, followed by Qsuper balanced with 15.4 per cent and Unisuper balanced with 15.1 per cent.
Commenting on the outcome, SuperRatings managing director, Jeff Bresnahan pointed out that it was the second year in a row in which the median result had exceeded 13 per cent.
“This is outstanding by anyone’s measure,” he said.
However, Bresnahan cautioned superannuation fund members against becoming too optimistic in circumstances where the rolling five year median return was only now beginning to approach levels factored in by funds of around 3.5 per cent above inflation.
According to SuperRatings the top 10 performing funds in the balanced investment arena during 2004-05 were:
1 MTAA Super Balanced (65/35) +15.5%
2 QSuper Balanced (75/25) +15.4%
3 UniSuper Balanced (70/30) +15.1%
4 ARF Balanced (75/25) +14.5%
5 Catholic Super Fund Balanced (70/30) +14.3%
5 CARE Super Balanced (70/30) +14.3%
5 REST Diversified (75/25) +14.3%
8 Health Super Medium Term (70/30) +14.2%
8 Intrust Super Fund Balanced (75/25) +14.2%
10 HOSTPLUS Balanced (76/24) +14.0%
10 Sunsuper Balanced (70/30) +14.0%
AUTHOR
Mike Taylor
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