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Quarterly balanced fund growth at near-three-year high
Balanced superannuation funds furthered the September quarter’s positive momentum, posting strong results in the last month.
September saw a 1.3 per cent spike in the average median balanced option, while the first quarter of the financial year recorded a median return of 4.8 per cent - the second highest on record in the last three years, according to Super Ratings.
Australian equities were responsible for much of the positive returns, with the median superannuation Australian Shares option offering 2.5 per cent, next to the 2.2 per cent on the S&P/ASX 200 Accumulation Index.
International shares also did well, bringing in 1 per cent over the month of September.
Other asset classes, meanwhile, showed similar promise, with property options gaining 1.2 per cent and diversified fixed interest and cash options growing slightly at 0.5 and 0.2 per cent respectively.
Rest Superannuation has topped the list of balanced funds for the last five years, with a median 7.6 per cent growth, followed by the Commonwealth Bank Group and Telstra Super, each on 7.4 per cent.
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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(%)
