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.
The central bank has announced its latest rate decision amid stubborn inflation and increasing geopolitical tension.
Aware Super has outlined its systematic approach to corporate engagement as institutional investors increasingly assert their influence on company boards and take on an active stewardship role.
The country’s second-largest super fund has completed its fourth SFT this past financial year and welcomes almost 5,000 new members.
The corporate fund has announced it is seeking a suitable merger partner as the number of corporate super funds in Australia continues to dwindle.
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