Only one of the top five largest absolute return superannuation funds saw top-quartile returns in 2020, according to data.
This was AMP Flexible Super Super Antipodes Global fund that returned 2.69% in 2020, and was the second-largest fund at $67.9 million, according to FE Analytics.
The largest fund, AMP Flex Lifetime Super and Custom Super Antipodes Global at $81.9 million returned in the second quartile at 2.2%.
Returns of the largest absolute return super funds in 2020
Fund |
Size |
Return |
Return Quartile |
AMP Flex LifetimeSup & CustomSup Antipodes Global |
$81.9 million |
2.2% |
Second |
AMP Flexible Super Super Antipodes Global |
$67.9 million |
2.69% |
First |
CFS FC W PSup-Schroder W Abs Return Inc |
$54.9 million |
2.6% |
Second |
CFS FC W PSup-FirstChoice Acadian Wholesale Australian Equity Long Short |
$34 million |
1.25% |
Third |
Perpetual WF Super Perpetual Shareplus LongShort |
32.5 million |
2.46% |
Second |
Source: FE Analytics
However, the smallest fund, CFS FC W PSup Bennelong Kardinia Absolute Return, which was $3.2 million in size was the top performer out of the 18 absolute return super funds at 7.66%.
The bottom performer was FC Psuper-Acadian Global Equity Long Short at a loss of 7.71% and was the second smallest fund at $5 million.
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.
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