POWERED BY MOMENTUM MEDIA
8-in-10 sustainable growth funds beating sector
Eight out of 10 responsibly-focused growth superannuation funds have beat the growth sector average, according to data.
According to data from FE Analytics, within the Australian superannuation universe growth sector, there were 321 different strategies with 10 focused on responsible investment.
Over the three years to 31 October, 2021, only Statewide Sustainable Diversified Option (8.14% annualised return) and QSuper Socially Responsible Option (7.08%) failed to beat the sector average of 8.29%.
During the same time period the five best-performing funds were Australian Ethical Growth (12.26%), Energy Super Socially Responsible Investment Option (10.20%), Sunsuper Socially Conscious Balanced (10.09%), Legal Super Balanced Socially Responsible Investment Option (9.77%), and Aware Super Diversified Socially Responsible Investment Option (9.44%).
Overall in the sector, the Australian Super High Growth Option was the best-performer with an annualised return of 12.84%, followed by the Australian Ethical fund in second place.
Australian Ethical allocated 38.5% to Australian and New Zealand equites and 33.6% towards international equities.
Energy Super relied on DNR Capital to invest its Australian equities allocation (23%), while Robeco was responsible for global equities (27%).
Sunsuper had a similar breakdown with Australian shares having an allocation of 25.5% and 26.5% for international shares.
Accumulative returns of the best-performing responsibly-invested growth funds to 31 October 2021
Recommended for you
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
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(%)
Add new comment