POWERED BY MOMENTUM MEDIA
Super returns remain positive despite volatility
Australian superannuation fund members look set to be rewarded by a fourth consecutive year of positive returns, according to the latest data from Chant West.
The research house said however that on current indicators, the calendar year result would fall below the 12.7 per cent a year average recorded over the past three years.
It pointed to the fact that following a loss of 0.3 per cent in November, the median growth fund (61 to 80 per cent growth assets) was up 5.7 per cent for the first 11 months of 2015 and noted that while the first half of December had been negative, the median return for the year still stood at an estimated five per cent.
The Chant West analysis pointed to continuing volatility in listed share markets as being the primary factor impacting returns Australian shares were down 0.7 per cent while hedged international shares were up slightly at 0.7 per cent.
It said the appreciation of the Australian dollar (up 1 cent to US$0.72 over the month) meant that the return in unhedged terms was actually down 2.1 per cent, while listed property also had a negative month, with Australian and global REITs down 2.8 per cent and 1.2 per cent, respectively.
Recommended for you
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.
Big business has joined the chorus of opposition against the proposed Division 296 tax.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
37.15 3 y p.a(%)
3
GAM LSA Private Shares AU I
33.96 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.68 3 y p.a(%)
5
Plato Global Alpha A
28.73 3 y p.a(%)
