POWERED BY MOMENTUM MEDIA
Largest not best for absolute return super funds
One of the smallest absolute return focused superannuation funds has made the highest return during the first quarter of 2021 and had the second-highest returns over the last decade, according to data.
According to FE Analytics, the CFS FC Personal Super – Acadian Global Equity Long Short fund returned 12.22% over the three months to 31 March, 2021, compared to the sector average of 3.92%. The fund was the third-smallest absolute return super fund at $5.4 million.
The fund was followed by CFS FC W Personal Super – Acadian W Global Equity Long Short (10.9 million) at 12.14%, Perpetual WF Super Perpetual Shareplus LongShort ($33.6 million) at 7.8%, AMP SignatureSuper Antipodes Global ($25.9 million) 7.13%, AMP Flexible Super Super Antipodes Global ($67.9 million) at 7.1%.
The largest absolute return fund, AMP Flex LifetimeSuper and CustomSuper Antipodes Global, at $81.9 million came in at sixth at 6.98% during the first quarter.
Top-performing absolute return super funds during Q1 2021
Source: FE Analytics
Over the 10 years to 31 March, 2021, four CFS funds made the top five performing funds with the sector average return of 57.25%.
The CFS FC W Personal Super – Acadian W Global Equity Long Short came in first at 234.15%, followed by CFS FC Personal Super – Acadian Global Equity Long Short 219.69%, CFS FC W Personal Super – Acadian W Australian Equity Long Short at 146.95%, Perpetual WF Super Perpetual Shareplus LongShort at 142.46%, and CFS FC PersonalSuper – Acadian Australian Equity LS at 131.26%.
The largest fund, AMP Flex LifetimeSuper and CustomSuper Antipodes Global came in at eighth at 112.52%.
Top-performing absolute return super funds over the 10 years to 31 March 2021
Source: FE Analytics
Recommended for you
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new research has shown.
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
