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Low gains for super growth funds
Australian superannuation growth funds generally recorded minor gains over August with the median fund returning 0.3 per cent for the month, according to Morningstar.
Morningstar's superannuation survey found Energy Super was the best-performing growth fund for the year, returning 9.5 per cent, REI Super Balanced and AustralianSuper both followed at 8.1, Austsafe at seven per cent, and Optimum 6.8 per cent.
In terms of MySuper options, Energy Super Mysuper was the top performer over the year to August 2016 (9.5 per cent), followed by Hostplus Balanced (9.4 per cent), and CBUS Super Growth (9.3 per cent).
The survey found the best performing balanced super funds over the year were Australian Ethical Balanced (8.2 per cent), Energy Super Capital Management (eight per cent), and AustralianSuper Stable (7.25 per cent).
Growth assets had mixed results over the month with global equities as the top performer at 1.3 per cent, followed by Australian equities -1.6 per cent, global listed property -2.6 per cent, and Australian listed property at -2.8 per cent.
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The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
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TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
just goes to show as usual, the Industry Super Funds absolutely kill the retail funds etc !! :-)
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