POWERED BY MOMENTUM MEDIA
Morningstar data confirm returns outcome
Research and ratings house, Morningstar, has confirmed the degree to which a difficult June saw most Australian superannuation funds falling short of reaching double-digit financial year returns.
The Morningstar data, released yesterday, found Australian superannuation funds lost ground over the month of June, with all funds recording negative returns – only the third time over the past 12 months the median fund had entered negative territory.
The analysis said the poor June results prevented the median growth fund from reaching double-digit returns over the financial year to 30 June 2015, falling just short, returning 9.9 per cent over the financial year with results ranging from 12.7 to 6.9 per cent.
However it said that, over the longer term, the median returns were 13.2 per cent over the three years and 9.5 per cent over the five years to 30 June, 2015.
Morningstar said the best-performing growth super funds over the year to 30 June were Legg Mason Growth (12.7 per cent), AMP Balanced Growth (12.5 per cent), and AMP Capital FD Balanced (11.5 per cent).
It said the best-performing balanced (40-60 per cent growth assets) super funds over the year to 30 June were BT Balanced Returns (10.3 per cent), REST Super Balanced (9.0 per cent), and AMP Moderately Conservative (8.8 per cent).
Recommended for you
The Future Fund’s CIO Ben Samild has announced his resignation, with his deputy to assume the role of interim CIO.
The fund has unveiled reforms to streamline death benefit payments, cut processing times, and reduce complexity.
A ratings firm has placed more prominence on governance in its fund ratings, highlighting that it’s not just about how much money a fund makes today, but whether the people running it are trustworthy, disciplined, and able to deliver for members in the future.
AMP has reached an agreement in principle to settle a landmark class action over fees charged to members of its superannuation funds, with $120 million earmarked for affected members.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
76.97 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
76.46 3 y p.a(%)
3
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
51.13 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
45.15 3 y p.a(%)
5
Select Baker steel Gold Institutional
43.78 3 y p.a(%)
