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Retail and industry funds share Heron ratings
Retail superannuation funds, including those offered by AMP have shared the laurels with industry and corporate funds in the latest Heron Partnership Quality Star Ratings released this week.
The ratings covered 190 major superannuation products, which included 39 commercial products, 45 industry funds, eight Government-designated funds, 21 specialist corporate products and 77 pension funds.
Of the 113 superannuation products assessed, 82 were judged as outstanding quality and awarded 5 Heron Quality Stars.
Commenting on the assessment, Heron Partnership managing director, Chris Butler said the primary goal of the rating process was to provide a realistic and objective representation of the product strengths and weaknesses.
The Heron ratings also covered MySuper products which saw 22 funds awarded five star status, with industry superannuation funds dominating.
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Australian super funds notched a third consecutive year of strong returns, with the median balanced option delivering an estimated 10.1 per cent over the 2024-25 financial year, but an economist has warned that the rally may be harder to sustain as key risks gather pace.
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TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom 465 Calder Road Calder
99.46 3 y p.a(%)
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
78.55 3 y p.a(%)
4
BetaShares Crypto Innovators ETF
50.39 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
47.50 3 y p.a(%)
