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Global equity super funds beat Aussie equity
Australian equity superannuation funds returns are lagging behind their global equity super fund counterparts, according to data.
FE Analytics data has shown, within the Australian Superannuation universe, the average Australian equity super fund lost 6.6% so far this year compared to a loss of 1.6% for global equity super funds.
Australian equity super fund sector performance versus global equity super fund sector since start of 2020
Source: FE Analytics
The top global equity super funds since the start of 2020 to 31 August, 2020, was CFS W Personal Super Baillie Gifford Wholesale Long Term Global Growth at 58.75%
This was followed by BT Super for Life Pendal Technology Retirement (37.66%), CFS Global Technology and Communications ROSCO (25.9%), BT Super T. Rowe Price Global Shares (16.96%), and CFS FC W Personal Super T. Rowe Price Wholesale Global Equity (16.63%).
According to its latest factsheet, the Baillie Gifford fund had its largest holdings in Tesla (9.3%), Amazon (8.4%), Tencent (6.75%), Illumina (5.87%), and Alibaba Group (5.4%).
Over the long term, global equity super funds again beat their Australian equity counterparts at a return over 27.88% over the three years to 31 August, 2020, compared to 15.37%.
Australian equity super fund sector performance versus global equity super fund sector over the three years to 31 August 2020
Source: FE Analytics
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TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
73.88 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(%)
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