POWERED BY MOMENTUM MEDIA
Super funds bounce back in September
Superannuation funds gained ground in the last month, propped up by growth assets and Australian shares, a survey shows.
After a disappointing August, funds grew a median of 1.4 per cent in September and 5.5 per cent in the first quarter of the financial year, according to research from Morningstar.
The majority of growth assets produced positive returns, with global listed property up 4.5 per cent, Australian shares up 2.2 per cent and listed property up 1.1 per cent.
The only negative returns were recorded by international shares, which were down 0.1 per cent.
Top-performing growth superfunds in the year to 30 September 2013 included Legg Mason Growth (28.4 per cent), Legg Mason Balanced (25.3 per cent), and Maple-Brown Abbott (21.1 per cent), while Schroders topped the performance ladder for the last five years with 8 per cent growth.
For balance funds, the best performers of the year were BT Balanced (14.7 per cent), REST Super Balanced (13.7 per cent) and AMP Moderate Growth (13.0 per cent).
Recommended for you
Private market assets in super have surged, while private debt recorded the fastest growth among all investment types.
The equities investor has launched a new long-short fund seeded by UniSuper, targeting alpha from ASX 300 equities using AI insights.
The fund has strengthened efforts to boost gender diversity, targeting 40:40:20 balance across its investment teams by 2030.
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
