POWERED BY MOMENTUM MEDIA
Positive results for growth funds
Australian superannuation median growth funds returned a positive 7.5 per cent for the 2016 calendar year thanks to Australian listed property returning 13.2 per cent in December, according to Morningstar.
The research house's latest survey found Australian listed property was the best-performing growth asset class in December 2016, followed by Australian equities (11.8 per cent), global listed property (8.3 per cent), and global equities (7.9 per cent).
Maple-Brown Abbott was the best performing growth fund for the year, returning 10 per cent, followed by Care Super Balanced (9.4 per cent), Optimum Growth and Energy Super Balanced (both at 8.8 per cent), and HESTA Super Core Pool (8.4 per cent).
CBUS Growth was the top MySuper option over the year to 31 December 2016 at 9.6 per cent, followed by Care Super Balanced (9.4 per cent), and Energy Super (8.8 per cent).
The survey found the best performing balanced (40 to 60 per cent growth assets) super funds were Energy Super Capital Managed (7.3 per cent), Optimum Balanced Growth (7.1 per cent), and EISS Super (6.6 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
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
