Which super fund group received top Crown ratings?

Eight out of the superannuation funds with the largest percentage of five Crown-rated funds are industry super funds, according to FE fundinfo data.

In the latest rebalance of the FE fundinfo Crown Fund Ratings, Australian Super stood out on top with 63.6% of its investment options given a five Crown rating.

The ratings are a quantitative rating determined using FE fundinfo’s performance scorecard process which analyses a fund’s performance over the last three years and favours consistency.

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The score is made up of three components – alpha, relative volatility, and a consistently good performance.

Following Australian Super was First State Super and QSuper (both at 50%), NGS Super (46.2%), Sunsuper (45%), Australian Ethical (42.5%), CARE Super (41.7%), Statewide Super (33.3%), Telstra Super (30%), and rounding out the top 10 was VicSuper (28.6%).

Seven out of the 10 Australian Super funds received a five Crown rating, with all of these funds retained the five Crown rating from the last rebalance in September, 2019. Its lowest rated fund was its International Shares Option with a one Crown rating.

Since the previous rebalance, Australian Super has jumped seven places (50% in September) to number one. The previous fund group with the largest percentage of five Crown funds was NGS Super at 75%, now sits at fourth with 46.2%.

 

Super fund groups with at least one five Crown-rated fund

Group name

Percentage of five Crown funds

Australian Super

63.6%

First State Super

50%

QSuper

50%

NGS Super

46.2%

Sunsuper

45%

Australian Ethical Investment Ltd

42.9%

CARE Super Pty Ltd

41.7%

Statewide Super

33.3%

Telstra Super Pty Ltd

30%

VicSuper

28.6%

Commonwealth Custodial Ser Ltd

25%

HESTA

25%

EISS Super

20%

Suncorp Life and Superannuation

18.9%

Russell Investment Management

18.2%

Mercer Superannuation (Australia) Limited

16.7%

REST Industry Super

13.3%

AMP Capital

12.4%

Australian Catholic Superannuation

11.8%

ANZ Managed Investments

10%

BUSSQ Building Super

10%

Commonwealth Bank of Australia

9.2%

OnePath Life

8.8%

OnePath Custodians

8.2%

Macquarie Investment Management

8.1%

SmartMonday

7.7%

Perpetual Investment Management

6.9%

AMP Life

6.7%

OnePath Funds Management

6.3%

Colonial First State

5.8%

MLC Investments Limited

5.7%

Zurich Financial Services

4.3%

ClearView

3.2%

BT Financial Group

2.4%

 

Looking at the performance of balanced funds from the top 10 groups with the most five Crowns, Australian Super also took the top spot with a return of 37% over the three years to 29 February, 2020.

Within the group, the poorest performing fund was First State’s balanced fund at 24.43%.

Performance of top 10 fund groups’ with the most five Crowns balanced option v sector over the three years to 29 February 2020




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