POWERED BY MOMENTUM MEDIA
Why super represented a solid investment in 2019
Superannuation continues to be a solid investment option according to the latest data released by the Australian Prudential Regulation Authority (APRA) which has revealed the annual industry-wide rate of return for the year ending December, 2019, was 13.8%.
The data, contained within APRA’s December quarter release, revealed the five-year average annual rate of return to December 2019 was 7.1%
The regulator’s data revealed that over the December quarter, total assets increased by 1.7% or $36.2 billion to $2.2 trillion, and that as at the end of the period 51.4% of the $1.9 trillion investments were invested in equities, with 25.3% in international listed equities, 22% in Australian equities and 4.1% in unlisted equities.
It said fixed income and cash investments accounted for 30.9% of investments, with 21.3% in fixed income and 9.5% in cash, while property and infrastructure accounted for 14.3% of investments while other assets including hedge funds and commodities accounted for 3.4%.
The data revealed that industry funds had amongst the lowest allocations to fixed income and cash while retail funds had a higher exposure to equities.
Recommended for you
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
73.88 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