Is there a point for Super Review, money management et al to have an author if it’s just a cut and paste from ISA media release? Any side can just release whatever fake news they like.
For example, the story is based on APRAs June Quarterly Superannuation Performance June.
A quick look at the source and it looks as though its not to compare performance, rather report on the balance sheets of each part of the sector. It reports on total SUPER ASSETS by sector e.g industry, gov, retail etc.
A balanced review of the data may reveal a different story? For one, ISA has a dozen super funds compared to probably 100s retail funds & options. Remove some outliers from retail sector and you may have diff story?
Black & while on APRA’s report 5yr ROR has ISA 2.10% better. Not consistent with what is report here. Retail has way more in cash & FI. They may have investors who select this (rather than default) what not note that caveat. Most Industry use Bal default.