Growth assets drive super returns

The median multi-sector growth manager returned 1.8 per cent over the month of August to return 7.6 per cent over the year to 31 August 2012.

Morningstar's Australian Superannuation Survey for August showed that despite some rebound from growth assets, super funds are still struggling to recover from the Global Financial Crisis (GFC).

Australian shares as measured by the S&P/ASX300 Accumulation Index increased 2.1 per cent over August and international shares 4.5 per cent for August.

During the same month global property securities delivered 0.6 per cent while Australian property securities dropped to returns of 0.1 per cent. 

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But defensive asset returns were marginal, with Australian fixed income returning 0.6 per cent, global fixed income 0.5 per cent and cash 0.3 per cent.

Morningstar said that individual multi-sector growth manager results in August spanned between a low of 1.0 per cent and a high of 3.7 per cent. It said long-term annualised results for the median manager were 4.9 per cent over three years, -0.2 per cent over five years, and 5.5 per cent over 10 years to 31 August 2012.

Blackrock Diversified Growth topped the tables, returning 10.1 per cent for the month, followed by Invesco Diversified Growth with 9.8 per cent and Legg Mason Balanced with 9.1 per cent.

REST Core came out best over three years with 7 per cent, followed by AustralianSuper Conservative Balanced with 6.7 per cent and Schroder with 6.5 per cent.

AMP Moderate Growth, REST Super Balanced and Colonial First State Moderate were the best performers in the multi-sector balanced category.