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 |
AUTHOR
Hope William-Smith
Recommended for you
Data and technology provider Novigi has acquired Iress’ superannuation consulting and managed services business from Apex Group.
AMP is to launch a digital advice service to provide retirement advice to members of its AMP Super Fund, in partnership with Bravura Solutions.
Unveiling its performance for the calendar year 2024, AMP has noted a “careful” investment in bitcoin futures proved beneficial for its superannuation members.
SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positive” returns.
