POWERED BY MOMENTUM MEDIA
Median growth fund gains slightly: Morningstar
Australian superannuation funds showed small growth over July, with the median growth fund returning 1.4 per cent, according to the Morningstar Australian Superannuation Survey.
Individual results varied from a high of 2.6 per cent to a low of 0.4 per cent.
Longer-term annualised median returns stood at 10.8 per cent (one year), 10.8 per cent (three years), 9.1 per cent (five years), and 6.8 per cent (10 years to 31 July 2014).
Legg Mason Growth came out on top among growth super funds over the year to 31 July at 16.1 per cent, followed by Legg Mason Balanced (13.5 per cent).
Maple-Brown Abbott was a close third (12.9 per cent), followed by MLC Growth (12.3 per cent), and Energy Super Balanced (12.1 per cent).
Among balanced super funds (40-60 per cent growth assets) over the year to 31 July, BT Balanced finished first at 10.2 per cent, followed by Energy Super Capital Managed (9.8 per cent) and AMP Moderate Growth (9.1 per cent).
Defensive assets were at 23.3 per cent on average, with 9.6 per cent in domestic bonds, 5.8 per cent international, and 7.9 per cent in cash.
Legg Mason Growth had the highest allocation to Australian shares (51.7 per cent), followed by Legg Mason Balanced (45.8 per cent), and State Super Growth (38.8 per cent).
Multi-sector growth super funds' average allocation to equities at 30 June was 56.7 per cent, with 29.7 per cent Australian and 27 per cent global.
Average property exposure was 7.9 per cent.
Recommended for you
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.
Big business has joined the chorus of opposition against the proposed Division 296 tax.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
37.15 3 y p.a(%)
3
GAM LSA Private Shares AU I
33.96 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.68 3 y p.a(%)
5
Plato Global Alpha A
28.73 3 y p.a(%)
