Hostplus’ balanced option was the top performing option in SuperRatings’ 2022 financial year returns report, with the superannuation fund delivering 1.6%.
The research house’s findings were based on its SR50 Balanced Index which tracked performance of 50 options with exposure to growth assets of between 60% to 76%.
David Elia, chief executive for Hostplus indicated the fund’s performance was “…a testament to Hostplus’s active investment approach, especially in navigating volatile markets”.
QANTAS Super’s balanced option came second achieving a return of 0.6%, following its first-place result for the financial year to 30 June, 2021.
QANTAS Super’s chief investment officer, Andrew Spence, said: “Our focus on diversification, risk management and investment governance help to deliver competitive returns despite the uncertainty in markets, as evidenced by our returns in FY 21/22 and FY 20/21”.
Hostplus was also the top-performing super fund over the long-term, with an average annual return of 9.7% over the last decade. Followed closely by AustralianSuper – Balanced with a return of 9.3% and Australian Retirement Trust – Super Savings with a return of 9.00%. Cbus – Growth (MySuper) delivered a close fourth ranking return of 8. 96%.
The table below shows the top 10 funds ranked according to their volatility-adjusted return, which measures how much members were being rewarded for taking on the ups and downs.