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AustralianSuper tops performance league table

Emma Rapaport  |  15 May 2018Text size  Decrease  Increase  |  
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Superannuation did very well over the last five years, with funds posting positive results across the board, according to Morningstar's Australian Superannuation Survey for 1Q 2018.

Covering the period to March 31 2018, the study found fund returns within the multisector growth category ranged from 5.9 per cent to 10.3 per cent. The median fund achieved a healthy 8.4 per cent.

AustralianSuper took the top spot, with its balanced product returning 10.3 per cent, followed by Care Balanced, Austsafe Balanced, REST Diversified and VicSuper Growth. They delivered returns of 9.9 per cent, 9.8 per cent, 9.7 per cent and 9.6 per cent, respectively.

Growth funds generally have a 60 per cent to 80 per cent allocation to growth assets, including Australian shares, international shares, property and alternative investments.

chart

Over a three-year risk-adjusted return basis, Care Super Balanced topped the table among growth funds, followed by AustralianSuper Conservative Balanced, AustralianSuper Balanced, HESTA Core and Austsafe Balanced.

Within the MySuper category, the top performing funds over five years to 31 March 2018 were the balanced offerings from Hostplus, Care and Austsafe, with returns of 10.6 per cent, 9.9 per cent and 9.8 per cent, respectively. CBUS Growth and AustralianSuper both returned 10.3 per cent over the period.

Fund flows

Estimated annual flows to MySuper products were generally healthy to 31 March 2018. AustralianSuper Balanced recorded the highest in-flows over the period, with member contributions up by more than $5 billion, followed by REST Core with $1.6 billion, and CBUS Growth with $1.4 billion.

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Top performing multisector growth super funds: one-year returns

This table has been sorted by one-year performance (highest to lowest). chart

Top performing multisector growth super funds: five-year returns

This table has been sorted by five-year average annual performance (highest to lowest). chart

Top performing multisector growth super funds: ten-year returns

This table has been sorted by ten-year average annual performance (highest to lowest). chart

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Emma Rapaport is a reporter for Morningstar Australia.

© 2018 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. This information is to be used for personal, non-commercial purposes only. No reproduction is permitted without the prior written consent of Morningstar. Any general advice or 'class service' have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892), or its Authorised Representatives, and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/s/fsg.pdf. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product's future performance. To obtain advice tailored to your situation, contact a licensed financial adviser. Some material is copyright and published under licence from ASX Operations Pty Ltd ACN 004 523 782 ("ASXO"). The article is current as at date of publication.

 

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