POWERED BY MOMENTUM MEDIA
Equip records double-digit returns
Super fund Equip's diversified options recorded double-digit returns this year, outdoing SuperRatings benchmarks.
Growth plus, which mostly hold shares, recorded a 17.1 per cent return for the year, down from last year's 23.3 per cent return, while the conservative option, which has about 20 per cent exposure to shares, returned 8.3 per cent.
Balanced growth showed net annual returns of 13.4 per cent in the year to 30 June, down from 16 per cent last year. The balanced option showed returns of 10.7 per cent, down from 11.6 per cent last year.
The super fund said the positive returns were mainly due to strong share market returns, adding even fixed interest had a "respectable" gain during the reporting period.
Fixed interest returned about 6 per cent for the year, well ahead of cash, which stood at 2.6 per cent.
Overseas bonds outperformed Australian bonds, returning 7.8 per cent, while Australian bonds returned 6.1 per cent.
The Australian share market increased by 17.3 per cent for the year, as investors preferred companies that could pay dividends, like the big banks.
Overseas shares returned 21.1 per cent, mainly driven by the European market, with the US catching up. However, Asia was behind in the market.
Equip expects continued strong returns from the share market as the domestic cash rate remains on hold for a while longer.
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(%)
