POWERED BY MOMENTUM MEDIA
Solid October for superfunds
Global equities produced the best return for growth assets in super funds for the month of October, helping the median growth fund record a solid gain of 3.2 per cent for the month, according to Morningstar.
Global equities posted a 6.3 per cent return, followed by global listed property (5.7 per cent), Australian listed property (5.0 per cent), and Australian shares (4.4 per cent).
Overall, median results over the longer term were 7.7 per cent over the year, 11.4 per cent over the three years, and 8.6 per cent over the five years to 31 October 2015.
The best performing growth super funds over the year to 31 October were AMP Balanced Growth (10.2 per cent), AMP Capital Balanced (9.4 per cent), and MLC Growth (9.2 per cent).
The best performing balanced (40 to 60 per cent growth assets) superfunds over the same period were BT Balanced Returns (8.4 per cent), AMP Capital Moderately Conservative (7.8 per cent), and AMP Moderate Growth (7.7 per cent).
Recommended for you
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
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(%)
Add new comment