Australian superannuation funds showed small growth over July, with the median growth fund returning 1.4 per cent, according to the Morningstar Australian Superannuation Survey.
Individual results varied from a high of 2.6 per cent to a low of 0.4 per cent.
Longer-term annualised median returns stood at 10.8 per cent (one year), 10.8 per cent (three years), 9.1 per cent (five years), and 6.8 per cent (10 years to 31 July 2014).
Legg Mason Growth came out on top among growth super funds over the year to 31 July at 16.1 per cent, followed by Legg Mason Balanced (13.5 per cent).
Maple-Brown Abbott was a close third (12.9 per cent), followed by MLC Growth (12.3 per cent), and Energy Super Balanced (12.1 per cent).
Among balanced super funds (40-60 per cent growth assets) over the year to 31 July, BT Balanced finished first at 10.2 per cent, followed by Energy Super Capital Managed (9.8 per cent) and AMP Moderate Growth (9.1 per cent).
Defensive assets were at 23.3 per cent on average, with 9.6 per cent in domestic bonds, 5.8 per cent international, and 7.9 per cent in cash.
Legg Mason Growth had the highest allocation to Australian shares (51.7 per cent), followed by Legg Mason Balanced (45.8 per cent), and State Super Growth (38.8 per cent).
Multi-sector growth super funds' average allocation to equities at 30 June was 56.7 per cent, with 29.7 per cent Australian and 27 per cent global.
Average property exposure was 7.9 per cent.
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
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