Australian superannuation fund returns have remained solidly in the black, with the latest SuperRatings data revealing that January represented the fifth consecutive month of positive returns.
The SuperRatings analysis revealed the average median balanced option returned 0.99 per cent in January, bringing the financial year to the end of January return to 8.01 per cent.
It said that Australian shares continued to be a primary driver of the returns, with international equities having also made a solid contribution in January .
However the improving fortunes of Australian super funds over the past 18 months has not seen them return to the peak reached in October, 2007, before the full impact of the global financial crisis.
SuperRatings named the top ten balanced funds over the past five years as being REST — Core Strategy (5.5 per cent), OSF Super — Mix 70 (5.3 per cent), Buss(Q) Balanced Growth (4.9 per cent), Catholic Super — Balanced (4.7 per cent), NGS Super — Diversified ((4.7 per cent), LGsuper Accum — Balanced (4.5 per cent), Club Plus Super — Balanced Option (4.3 per cent), CareSuper — Balanced (4.1 per cent), Telstra Super Corp Plus — Balanced (4.1 per cent) and Tasplan — Balanced (4 per cent).
