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Solid October for superfunds
Global equities produced the best return for growth assets in super funds for the month of October, helping the median growth fund record a solid gain of 3.2 per cent for the month, according to Morningstar.
Global equities posted a 6.3 per cent return, followed by global listed property (5.7 per cent), Australian listed property (5.0 per cent), and Australian shares (4.4 per cent).
Overall, median results over the longer term were 7.7 per cent over the year, 11.4 per cent over the three years, and 8.6 per cent over the five years to 31 October 2015.
The best performing growth super funds over the year to 31 October were AMP Balanced Growth (10.2 per cent), AMP Capital Balanced (9.4 per cent), and MLC Growth (9.2 per cent).
The best performing balanced (40 to 60 per cent growth assets) superfunds over the same period were BT Balanced Returns (8.4 per cent), AMP Capital Moderately Conservative (7.8 per cent), and AMP Moderate Growth (7.7 per cent).
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The corporate watchdog is preparing to publish a progress report on private credit this September, following a comprehensive review of the rapidly expanding market.
The fund has appointed Fotine Kotsilas as its new chief risk officer, continuing a series of executive changes aimed at driving growth, but NGS Super’s CEO has assured the fund won’t pursue growth for growth’s sake.
AMP Super has taken a strategic stake in Atmos Renewables, funding major battery and wind farm projects to boost Australia’s clean energy transition.
The major superannuation fund is facing legal action from ASIC after allegedly failing to inform the regulator about investigations into serious member service issues.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
74.26 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
