Small super funds Intrust and AustSafe have made the top 10 balanced funds over the year to 30 June 2015 proving size does not matter, according to SuperRatings data.
Intrust and AustSafe both have assets of less than $5 billion but produced strong returns of 11.1 per cent, and 10.7 per cent respectively, SuperRatings data revealed.
Despite lacklustre in other markets super funds still brought in strong performances thanks to international shares and listed property.
Commenting on the small funds SuperRatings founder, Jeff Bresnahan, said “It was also pleasing to note two small funds made the highest rankings this year, proving that size doesn’t matter when it comes to strong performance.”
Not-for-profit super funds were prominent performers in the top 10 balanced option funds with the Commonwealth Superannuation Corporation Public Sector Superannuation Accumulation Plan (CSC PSSap) taking the top spot, returning 12.2 per cent.
“Australian super funds earned a bigger boost from overseas shares because the falling Australian dollar further magnified international earnings,” Bresnahan said.
International share markets surged ahead with median International Shares Option returning 19.2 per cent despite the global economic turmoil, the report said.
The data showed the strongest international share market performers were in Asia with Japan up 33.5 per cent and Hong Kong up 13.2 per cent. In contrast, the US based S&P500 increased just 5.2 per cent, and the UK-based FSE100 was down 3.3 per cent.
“Listed property was also a major contributor to strong super returns this year, with the ASX 300 A-REIT Index up 20.2 per cent for the year,” the SuperRatings report said.
OnePath Integra — OnePath Global Shares came it at number one among the overall top ten funds returning 24.3 per cent, followed by Russell SS Emp — Russell International Shares Portfolio (24.1 per cent), and Perpetual WealthFocus — Perpetual Global Share Fund (24 per cent).
In the top 10 pension performing balanced option category MTAA Super AP — Balanced took the top spot returning 13.1 per cent, followed by AustralianSuper Choice Income Account — Balanced (12.6 per cent), and UniSuper AP — Balanced (12.4 per cent).
