AMP Balanced Growth was 2015's best performing superannuation multisector growth fund, returning 7.2 per cent, according to Morningstar.
The research house's superannuation survey found the median fund return was 5.1 per cent for the calendar year.
AMP Balanced Growth was followed by Austsafe (seven per cent), REI Super and AMP Capital Balanced (both at 6.6 per cent), and AustralianSuper Conservative Balanced (6.3 per cent).
However, the median result was below the previous three calendar year medians of 8.5 per cent (2014), 17.9 per cent (2013), and 12.8 per cent (2012). The last negative year for growth super funds was 2011 at -2.1 per cent).
The best performing balanced (40 to 60 per cent growth assets) super funds were Optimum (5.3 per cent), and AustralianSuper and AMP Capital Moderately Conservative (both at 5.2 per cent).
Australian listed property was the best performing growth asset class (14.3 per cent), followed by global equities (11.8 per cent), global listed property (6.4 per cent), and Australian shares (2.8 per cent).
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.
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