POWERED BY MOMENTUM MEDIA
Median balanced super funds return 0.4%
Superannuation funds started 2021 modestly with the median balanced option and median growth option both returning 0.4% in January, according to SuperRatings.
SuperRatings data also found the median capital stable option was at 0.1% for the month, while the median balanced pension option returned 0.3%, the median pension growth option returned 0.4%, and the median capital stable option returned 0.1%.
January’s result marked the 10th consecutive month of gains for funds.
Super Ratings executive director, Kirby Rappell, said: “Super funds have had a promising start to 2021, but the pandemic isn’t over yet.
“Movements in financial markets are still closely tied to how governments are managing new COVID-19 cases, as well as the timing and efficacy of vaccines. In short, we expect more ups and downs in the market, and super funds are not immune.”
Rappell said that funds were focused on the risks and opportunities that lay ahead and to date they had shown their ability to manage their investment positions and provide the additional support to members.
Recommended for you
Amid a challenging market environment, three super fund CIOs have warned against ‘jumping at shadows’.
The professional body is calling for the annual performance test to transition to a two-metric test, so it better aligns with the overarching duty of super fund trustees to act in the best financial interests of their members.
AustralianSuper, Rest, and HESTA agree on the need to retain and enhance the test, yet they differ in their perspectives on the specific areas that warrant further refinement.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
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(%)
Add new comment