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Positive growth fund results
The median superannuation growth fund recorded a respectable 9.2 per cent for the calendar year despite growth assets producing generally poor results, according to Morningstar data.
Morningstar’s survey found Maple-Brown Abbott was the best performing growth fund for the year, returning 12.8 per cent, followed by Aon Balanced Growth (10.8 per cent), REST Super Core, and VicSuper FutureSaver Growth (both 10.3 per cent), and Energy Super Balanced (10.2 per cent).
Growth assets produced generally poor results over the month of January with Australian equity performing the best at -0.8 per cent, followed by global listed property -1.0 per cent, global equities -2.4 per cent, and Australian listed property at -4.8 per cent.
CBUS was the best performing MySuper option over the year to 31 January 2017 at 11.6 per cent, followed by Russell Balanced (11.4 per cent), AustralianSuper Balanced (11.3 per cent), and REST Super Core (10.3 per cent).
The best-performing balanced (40 to 60 per cent growth assets) super funds over the same period were Optimum Balanced Growth at 8.4 per cent, Energy Super Capital Managed at 8.2 per cent, and REST Super Balanced at eight per cent.
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The super fund announced that Gregory has been appointed to its executive leadership team, taking on the fresh role of chief advice officer.
The deputy governor has warned that, as super funds’ overseas assets grow and liquidity risks rise, they will need to expand their FX hedge books to manage currency exposure effectively.
Super funds have built on early financial year momentum, as growth funds deliver strong results driven by equities and resilient bonds.
The super fund has announced that Mark Rider will step down from his position of chief investment officer (CIO) after deciding to “semi-retire” from full-time work.
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(%)
