HESTA’s Infrastructure fund is the only infrastructure superannuation fund to have made a return so far this year at 1.72%, according to data.
According to FE Analytics, the average infrastructure super fund lost 10.81% since the start of 2020.
The top three performing funds were funds that invested in real assets – Hostplus IFM Australian Infrastructure (-0.91%), and NGS Infrastructure Option (-1.29%).
Rounding out the top five funds were BT Super RARE Value Infrastructure (Unhedged) at a loss of 9.66%, and OnePath OA Frontier TTR-RARE Infrastructure Value at a loss of 9.94%.
None of the funds have been able to recover losses from the March sell-off induced by the COVID-19 pandemic.
Over the longer term, it was the listed infrastructure funds that topped the charts with Perpetual WF Super Lazard Global Listed Infrastructure fund returning the best at 36.4%, over the five years to 31 August, 2020.
This was followed by CFS FC W Personal Super Colonial First State Wholesale Global Listed Infrastructure Securities at 35.7%, ClearView WealthFoundations Super CFS Infrastructure at 30.95%, and ANZ Smart Choice Super RARE Infrastructure Value at 23.45%.
The sector average was at 27.3% for the same time period.
The $9 billion fund is backing agriculture investor GO.FARM, with its capital already directed towards enhancing two key assets.
Brighter Super is considerably scaling down the investment options it offers members in order to reduce costs.
Amid a challenging market environment, three super fund CIOs have warned against ‘jumping at shadows’.
The professional body is calling for the annual performance test to transition to a two-metric test, so it better aligns with the overarching duty of super fund trustees to act in the best financial interests of their members.
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