Super fund performance wrap shows stable growth
Market gains throughout December are translating positively for investors, with many super funds set to deliver double-digit returns for the end of this year, according to SuperRatings.
The SR Balanced (60-76) Index used by SuperRatings to measure fund performance recorded a 1.3 per cent rise in November, with the interim calendar year-to-date return now set at 9.9 per cent.
SuperRatings chief executive, Kirby Rappell said resources had delivered strongly against expectations, whilst US markets had continued to deliver positively.
“In a year dominated by political uncertainty, nothing managed to deter the global rally we’ve seen since the start of the year,” he said.
“Despite the mining boom fading from view, resources shares have deliver through 2017 and helped shield investors from an otherwise lacklustre year for earnings.”
SuperRatings’ data listed the top ten performing funds over ten years as follows:
|
Fund & option |
Annual return over 10 years to 31 October 2017 |
|
6.2 per cent |
|
|
CareSuper – Balanced |
6.1 per cent |
|
Equip MyFuture – Balanced Growth |
5.8 per cent |
|
HOSTPLUS – Balanced |
5.8 per cent |
|
Cbus – Growth (Cbus MySuper) |
5.7 per cent |
|
5.6 per cent |
|
|
BUSSQ Premium Choice – Balance Growth |
5.5 per cent |
|
Catholic Super – Balanced (MySuper) |
5.5 per cent |
|
5.5 per cent |
|
|
First State Super – Growth |
4.8 per cent |
Recommended for you
Financial Services Council chief executive, Blake Briggs, is urging Minister for Financial Services, Stephen Jones, to take advantage of the QAR opportunity to reduce regulatory duplication and ensure advice is affordable.
Former chair of the House of Representatives’ Standing Economics Committee, Tim Wilson, is planning a return to politics after losing his seat in the 2022 federal election.
Morningstar is going to offer research ratings of funds in the $3.5 trillion superannuation sector for the first time in response to demand from financial advisers.
Treasurer Jim Chalmers has opened a consultation into the design of the annual superannuation performance test, canvassing views on a range of reform options.
