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Fair weather friends
Rollover has been around long enough to know better than to accept that an all-weather model exists for ensuring better than average superannuation fund investment returns.
Thus, while he recognises that industry funds were well-rewarded for their focus on direct and unlisted investments in the years leading up to and through the global financial crisis, he equally recognises that the retail funds with a heavy skew to Australian and international equities have tended to do better thereafter.
He also doesn't question the analysis of most of the superannuation research and ratings houses that industry funds can still be seen to have out-performed over the long haul, though he does not that some of those research houses have moved to 15-year time-frames to sustain that particular argument.
With all that in mind, Rollover was last month largely unmoved by a Goldman Sachs Asset Management analysis suggesting that retail investors may be missing out by chasing dividend yields in favour of other asset classes.
When Rollover reads such analyses he looks at the core business of such companies and the sage words of Mandy Rice-Davies - "they would say that, wouldn't they".
AUTHOR
The Rollover
Rollover is a jaded hack who joined the staff of Super Review nearly two decades’ ago and never managed to summon the energy to leave. Known throughout the superannuation industry as a power-luncher and gossip, Rollover spends his time humouring fund managers, eavesdropping at conferences, dozing through briefings and looking for his next free meal.
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With rainy weather abound in Sydney, Rollover was sat in front of his TV watching the smorgasbord of niche documentaries free-to-air has to offer.
As a history buff, Rollover is well-aware of the importance of the role the vanguard plays in a military force, as the leader at the front of battle.
Now that crypto investing is mainstream, with Rest Super announcing it will put a portion of its funds into it, Rollover wonders whether his grandkids will think he is hip when he shows them his crypto balance in his new digital wallet.
Rollover is almost as fascinated by superannuation fund mergers as the deputy chair of the Australian Prudential Regulation Authority (APRA), Helen Rowell.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
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