POWERED BY MOMENTUM MEDIA
Super growth funds return highest since 1993
Superannuation funds had a stellar 2013 with median growth funds returning 18 per cent over the calendar year, the highest since 1993.
The highest quarterly return was recorded in September at 5.1 per cent, while June held the lowest quarterly result at 2.3 per cent. The first quarter produced a solid 4.7 per cent, Morningstar Australian Superannuation Survey revealed.
Two negative medians were recorded over the year, with March at -0.3 per cent and June at 0.8 per cent.
Longer-term annualised returns were 9.2 per cent (three years), 9.6 per cent (five years), and 7.0 per cent (10 years to 31 December, 2013).
The survey, published today in interim form, looked at both commercial for-profit and industry superannuation options.
Growth assets were a mixed bag in December, with Australian listed property at -1.3 per cent, global listed property at 0.2 per cent, Australian shares at 0.8 per cent and international shares at 4.4 per cent.
Recommended for you
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.
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
62.62 3 y p.a(%)
3
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.95 3 y p.a(%)
4
Acadian Global Equity Long Short Class A
32.82 3 y p.a(%)
5
CFS FC Acadian Global Equity Long Short
32.44 3 y p.a(%)
Add new comment