Only one of the top five largest absolute return superannuation funds saw top-quartile returns in 2020, according to data.
This was AMP Flexible Super Super Antipodes Global fund that returned 2.69% in 2020, and was the second-largest fund at $67.9 million, according to FE Analytics.
The largest fund, AMP Flex Lifetime Super and Custom Super Antipodes Global at $81.9 million returned in the second quartile at 2.2%.
Returns of the largest absolute return super funds in 2020
Fund | Size | Return | Return Quartile |
AMP Flex LifetimeSup & CustomSup Antipodes Global | $81.9 million | 2.2% | Second |
AMP Flexible Super Super Antipodes Global | $67.9 million | 2.69% | First |
CFS FC W PSup-Schroder W Abs Return Inc | $54.9 million | 2.6% | Second |
CFS FC W PSup-FirstChoice Acadian Wholesale Australian Equity Long Short | $34 million | 1.25% | Third |
Perpetual WF Super Perpetual Shareplus LongShort | 32.5 million | 2.46% | Second |
Source: FE Analytics
However, the smallest fund, CFS FC W PSup Bennelong Kardinia Absolute Return, which was $3.2 million in size was the top performer out of the 18 absolute return super funds at 7.66%.
The bottom performer was FC Psuper-Acadian Global Equity Long Short at a loss of 7.71% and was the second smallest fund at $5 million.
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