POWERED BY MOMENTUM MEDIA
First State Super tops industry pension fund survey
Research firm Canstar Cannex has named the top account-based pension funds open to all individuals, with First State Super topping the list of industry funds.
Also among the top performing industry pension funds were Media Super, AMIST Super, Energy Super and Vic Super, with BUSSQ, LUCRF Super and AGEST Super not far behind.
The number one retail pension fund was offered by AMP Flexible Super.
According the Canstar Cannex head of research Steve Mickenbecker, the firm compared 77 pension funds out of a universe of 350 based on low, medium and high super account balances.
It eliminated those with restricted entry such as many corporate, industry and employer funds.
“Our number one criterion was to compare only those funds which any one of us could join without going through an intermediary such as a financial planners,” Mickenbecker said.
The funds were further judged on 80 features, including the available investment options, payment options, continuance of insurance, availability of advice, performance and investment strategy.
AUTHOR
Ashleigh McIntyre
Recommended for you
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.
Rest has joined forces with alternative asset manager Blue Owl Capital, co-investing in a real estate trust, with the aim of capitalising on systemic changes in debt financing.
The Future Fund’s CIO Ben Samild has announced his resignation, with his deputy to assume the role of interim CIO.
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(%)
