The median superannuation fund made small gains, returning 1 per cent in April, according to the Morningstar Australian Superannuation Survey.
Longer-term annualised median returns were 11.6 per cent over one year, 8.9 per cent over three years, 10.1 per cent over five years, and 6.8 per cent over 10 years to 30 April.
The returns come amidst strong results in growth assets. Australian listed property grew by 5.7 per cent, global listed property grew by 3.6 per cent, Australian shares grew by 1.7 per cent and international shares went up 1 per cent.
International shares shot up 31.5 per cent over the year, followed by Australian shares (10.1 per cent), Australian listed property (2.6 per cent) and global listed property (1.9 per cent).
Among super funds, Legg Mason Growth stood on top over the year to 30 April at 16.3 per cent followed by REST Super Diversified (14.9 per cent), REST Super Core (14.2 per cent) and Legg Mason Balanced (13.5 per cent).
Legg Mason Growth also finished first over five years (13.6 per cent), followed by Legg Mason Balanced (13.3 per cent) and Schroders (11.3 per cent).
REST Super Balanced was the best performer among balanced options (10.9 per cent), followed by AMP Moderate Growth (9.1 per cent) and AMP Moderately Conservative (8.9 per cent).
The central bank has announced the official cash rate decision for its November monetary policy meeting.
Australia’s maturing superannuation system delivers higher balances, fewer duplicate accounts and growing female asset share, but gaps and adequacy challenges remain.
Global volatility and offshore exposure have driven super funds to build US-dollar liquidity buffers, a new BNY paper has found.
Less than two in five Australians are confident they will have sufficient assets to retire and almost three-quarters admit they need to pay greater attention to their balance, according to ART research.