Struggling growth assets in the month of September lead Australian super funds into another difficult month, according to Morningstar.
The research house's latest superannuation survey found global listed property produced the best return of 2.6 per cent, followed by Australian listed property at -0.3 per cent, global equities at -2.8 per cent, and Australian shares at -2.9 per cent.
The median growth fund recorded a fall of 1.1 per cent for the month, and median results over the longer term were 5.7 per cent over the year, 10.6 per cent over three years, and 8.2 per cent over the five years to 30 September 2015.
The best performing growth super funds over the year to 30 September 2015 were MLC Growth (8.8 per cent), AMP Balanced Growth (8.3 per cent), and BT Active Balanced (7.8 per cent).
Best performing balanced (40 to 60 per cent growth assets) over the same period were BT Balanced Returns (8.2 per cent), AMP Capital Moderately Conservative (6.5 per cent), and AMP Moderate Growth (6.4 per cent).
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
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