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
AMP Flex & Antipodes Global
AMP Flexible Super Antipodes Global
CFS FC W -Schroder W Abs Return Inc
CFS FC W -FirstChoice Acadian Wholesale Australian Equity Long Short
Perpetual WF Super Perpetual
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.