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
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