Superannuation funds had their best-performing year in 2013, with the median superannuation balance option increasing by 15.5 per cent for the calendar year, SuperRatings' estimates have shown.
These are the best results since SuperRatings began tracking this index in 2000.
Despite a poor start, December's late rally saw super funds record an estimated 0.9 per cent gain for the month.
The strong recovery in the second half of December was mainly driven by the performance of listed equity markets.
Both Australian and international equity markets recovered strongly to finish positive for the month.
The S&P/ASX 200 Index closed higher in five out of the last seven trading days to end the year, and finished December up 0.6 per cent.
The fall in the Australian dollar over the month also helped international equity returns for those funds that remain in an unhedged position.
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
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