POWERED BY MOMENTUM MEDIA
Super funds show growth: Morningstar
Australian super funds have started the new financial year on a positive note, with the median growth fund returning 0.8 per cent, according to the Morningstar Australian Superannuation Survey.
Individual results varied from 1.8 per cent to a low of 0.2 per cent.
Longer-term annualised median returns stood at 11.3 per cent (one year), 12 per cent (three years), 8.6 per cent (five years), and 6.8 per cent (10 years to 31 August).
Among growth super funds, Legg Mason Growth came out on top (15.3 per cent), followed by Legg Mason Balanced and Maple-Brown Abbott (both 13.1 per cent), CFS Growth and MLC Growth (both 12.2 per cent).
BT Balanced finished first among balanced (40-60 per cent growth assets) super funds over the year to 31 August at 10.9 per cent, followed by CFS FirstChoice Moderate (10.4 per cent) and AMP Moderate Growth (10.1 per cent).
Defensive assets stood at 23.2 per cent on average (9.5 per cent domestic bonds, 5.9 per cent international, and 7.8 per cent cash).
Multi-sector growth super funds' average allocation to equities at 31 July was 56.3 per cent, with 29.5 per cent Australian and 26.8 per cent global.
Legg Mason Growth had the highest allocation to Australian shares (48.4 per cent), followed by Legg Mason Balanced (42.5 per cent), and State Super Growth (38.1 per cent).
Recommended for you
The Future Fund’s CIO Ben Samild has announced his resignation, with his deputy to assume the role of interim CIO.
The fund has unveiled reforms to streamline death benefit payments, cut processing times, and reduce complexity.
A ratings firm has placed more prominence on governance in its fund ratings, highlighting that it’s not just about how much money a fund makes today, but whether the people running it are trustworthy, disciplined, and able to deliver for members in the future.
AMP has reached an agreement in principle to settle a landmark class action over fees charged to members of its superannuation funds, with $120 million earmarked for affected members.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
76.97 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
76.46 3 y p.a(%)
3
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
51.13 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
45.15 3 y p.a(%)
5
Select Baker steel Gold Institutional
43.78 3 y p.a(%)
