AustralianSuper has led the way with balanced options, with its standard Balanced Option and Socially Aware Investment Option being the first and third best-performing in the 2020-21 financial year.
According to FE Analytics, within the Australian Superannuation universe, AustralianSuper’s Balanced Option was the best-performing option with a return of 22.41% during the 2020-21 financial year.
This was followed by AMP SuperLeader AMP Responsible Investment Leaders Balanced (21.49%), Australian Super Socially Aware Investment Option (21.22%), CFS First Choice Multi-Index Moderate (18.84%) and Zurich NZI Superannuation Bond Australian (18.42%).
The mixed asset – balanced average sector return over the financial year was 13.45%.
Both AustralianSuper funds had roughly a 75/25 split between growth and defensive assets.
Both had just under a quarter invested in Australian shares, a third in international shares, 4% in private equity, 5% in direct property, 12 in infrastructure, 6% in fixed interest and 8.5% in cash.
Both funds had the same investment target, which was to beat CPI by 4% p.a., but the Socially Aware fund had environmental, social and governance (ESG) screening.
Breakdown of AustralianSuper Balanced and Socially Aware options
Source: AustralianSuper
The AMP Responsible Investment Leader Balanced fund was a closed product, part of the AMP SuperLeader line.
The CFS First Choice Multi-Index Moderate was 60% growth/40% defensive, and held 32% in global equities and 23% in Australian equities.
Best-performing mixed asset – balanced funds over the year to 30 June 2021
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
looks like a typical high growth fund to me. Which BT Lifestage 1970s beat AustralianSuper hands down
There needs to be consistency in what is called growth and what is defensive. And what is other? Property is a growth asset but is now reported as 50% defensive so a fund which holds >80% growth assets can be categorised as balanced. This is misleading for consumers but seems to be OK with the regulators.
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