CFS balanced superannuation funds have dominated the first quarter returns of 2021 with the top performing fund returning 4.5%, according to data.
FE Analytics data found CFS FirstChoice Multi-Index Moderate was the top performer, followed by CFS FC WS PersonalSuper FirstChoice Multi-Index Moderate (4.44%), and CFS FC PersonalSuper FirstChoice Multi-Index Moderate (4.39%).
Responsibly invested AMP SuperLeader AMP Responsible Investment Leaders Balanced (now called AMP Capital Ethical Leaders Balanced) followed at 3.75%, and ANZ Smart Choice Super Legg Mason Diversified at 3.74%.
The sector average for the three months to 31 March, 2021, was 2%.
Top performing balanced superannuation funds during Q1 2021
Source: FE Analytics
On the other end of the scale, there was only one fund that lost returns – AXA Flexible Income Plan Matched Portfolio lost 0.67%.
Over the longer-term, it was AMP SIGS MySuper Macquarie Balanced Growth that performed the best at 52.95% over the five years to 31 March, 2021.
Two CareSuper funds followed – CareSuper Balanced and CareSuper Sustainable Balanced – at 51.91% and 51.76% respectively, and Australian Ethical Balanced Accumulation at 50.96% and AMP SignatureSuper Macquarie Balanced Growth at 50.18%.
The sector average over the five years at 32.25%.
Top performing balanced superannuation funds over the five years to 31 March 2021
Source: FE Analytics
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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