Australian superannuation growth funds have posted falls in June, with the median fund returning -1.1 per cent for the month, according to Morningstar.
The Australian Superannuation Survey, which covers the performance of the Australian retirement savings vehicles to June 30, 2016, revealed that the individual results ranged from 0.5 down to -2.6 per cent.
At the same time, median results over the longer term for growth funds were 8.1 per cent over the three years, and 8.2 per cent and five per cent over the five and 10 years, respectively.
According to Morningstar's study, the best-performing growth fund for the year, returning 5.3 per cent, was REI Super Balanced, followed by AustralianSuper Conservative Balanced (4.9 per cent) and Energy Super Balanced (4.5 per cent).
As far as the balanced superfunds were concerned, the best-performer for the year in June was AustralianSuper Stable (5.2 per cent), followed by Australian Ethical Balanced and Energy Super Capital Guaranteed (both 4.2 per cent).
Growth assets produced mixed results in June, with Australian listed property being the best-performing asset class (3.5 per cent), followed by global listed property (2.6 percent), Australian equities (-2.4 percent), and global equities (-3.8 percent).
Meanwhile, multisector growth superfunds' average allocation to equities was 57.8 per cent: 27.4 per cent Australian and 30.4 per cent global, while the average property exposure was 10.3 per cent.
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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