Statewide Super's MySuper default investment option has been rated as the top performer nationally over three years in the SuperRatings annual SR50 MySuper Index, with a rolling three-year return of 10.42 per cent after fees and tax.
The industry median for MySuper investment options stood at 8.41 per cent.
Chief executive, Richard Nunn, said the performance was on the back of strong returns from our managers in Australian shares, unlisted core property and infrastructure.
"Our pension investment options have also performed well, with six options ranking in the top quartile over three years," he said.
The next best performer in the index was UniSuper Accumulation — MySuper Balanced, returning 10.22 per cent, while corporate MySuper fund, Rio Tinto MySuper — Growth returned 9.43 per cent over the rolling three year period.
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.
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