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Retail master trusts ahead
Returns from retail master trusts have now overtaken those for industry funds on the back of rising share markets and listed property, according to ratings and research house, Chant West.
The latest Chant West data reveals that retail master trusts have moved ahead of the industry funds on the basis of the one year data, generating returns of 1 per cent, compared to the minus 0.1 per cent delivered by industry funds.
However, the data also makes clear that the industry funds remain ahead over three, five and seven year return periods.
The Chant West data confirms the strength of the September quarter for super returns, with the median growth fund returning 2.6 per cent in September, and 9.9 per cent for the quarter.
It also revealed the driver for those returns as being the Australian share market, which was up 21.6 per cent for the quarter, while listed property in the form of Australian Real Estate Investment Trusts were up 30.8 per cent and global REITs were up 30.6 per cent.
The Chant West data said that, by contrast, unlisted property was down 0.9 per cent.
Commenting on the data, Chant West principal, Warren Chant, said the continuing recovery would help restore confidence in superannuation.
He said this was important because some commentators had suggested super should be made voluntary because fund members ran the risk of their investment losing value.
Chant said the only negative influence in recent months had been the strength of the Australian dollar.
AUTHOR
Mike Taylor
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