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Growth assets let down super funds
Struggling growth assets in the month of September lead Australian super funds into another difficult month, according to Morningstar.
The research house's latest superannuation survey found global listed property produced the best return of 2.6 per cent, followed by Australian listed property at -0.3 per cent, global equities at -2.8 per cent, and Australian shares at -2.9 per cent.
The median growth fund recorded a fall of 1.1 per cent for the month, and median results over the longer term were 5.7 per cent over the year, 10.6 per cent over three years, and 8.2 per cent over the five years to 30 September 2015.
The best performing growth super funds over the year to 30 September 2015 were MLC Growth (8.8 per cent), AMP Balanced Growth (8.3 per cent), and BT Active Balanced (7.8 per cent).
Best performing balanced (40 to 60 per cent growth assets) over the same period were BT Balanced Returns (8.2 per cent), AMP Capital Moderately Conservative (6.5 per cent), and AMP Moderate Growth (6.4 per cent).
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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
66.99 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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