POWERED BY MOMENTUM MEDIA
Super funds spring back to positive returns for May
Australian superannuation funds have bounced back into positive territory on the back of Australian listed property's standout performance among asset classes in May, according to a Morningstar survey.
The asset class posted a return of 29.7 per cent, followed by global shares (29.2 per cent), global listed property (14.8 per cent), and Australian shares (9.9 per cent).
The super funds returned a median growth of one per cent from a range of 1.6 to 0.2 per cent. Over the longer term, the medians were 12.4 per cent over the year, 14.1 per cent over three years, and 9.7 per cent over the five years to 31 May 2015.
The best performing growth super funds over the same period were Legg Mason Growth (17.4 per cent), AMP Balanced Growth (15.4 per cent), and BT Active Balanced (14.8 per cent).
The best performing balanced (40 to 60 per cent growth assets) super funds were BT Balanced Returns at 14.4 per cent, followed by AMP Moderate Growth at 11.2 per cent, and AMP Moderately Conservative at 11 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(%)
