Top 10 performing super funds for 2011/2012 year

Note: For the top-performing super funds of the 2012/2013 financial year, and for the past 10 years, see SuperGuide article Top 10 performing super funds for 2012/2013 year, and for past 10 years.

Investment returns for the growth investment options within super funds ranged from a low of negative 2% (that is a loss of 2%) to a high of 6.4%, according to figures released by rating company Chant West. The Top 10 performing super funds for the 2011/2012 year are listed in the table below.

The performance data is based on Chant West figures, and the table ranking is based on individual investment options offered by a superannuation fund, and the investment options involved in the ranking process look after assets worth more than $500 million.

Note: Based on Chant West’s rankings, a growth fund typically holds between 61% and 80% in growth assets such as shares and property. Some super funds may describe this type of asset allocation as a ‘balanced’ investment option, and this type of investment option is the typical default option for super funds (where you don’t actively choose your investment options for your super account). At least 80% of all super fund members have their superannuation money invested via a growth or balanced investment option.

If you don’t actively choose your investment options for your super account, then your retirement savings will be invested in the default option. If you do actively choose your investment option/s then your super savings may be invested in another type of investment option such as conservative or high growth.

Top 10 performing super funds for 12 months to 30 June 2012

The top 10 performing growth super funds for the 2011/2012 year consist of five industry funds, two retail master trusts, one public sector fund and two corporate super funds.

Top 10 Performing Growth Funds for 1 year to June 2012 (%)

Rank

Super fund and investment option 1 year return*

1

QSuper Balanced

6.4%

2

Health Super Medium-Term Growth

3.3%

3

Commonwealth Bank Group Super Mix 70

2.8%

4

REI Super Trustee Super Balanced

2.8%

5

RecruitmentSuper Growth

2.7%

6

Vision Super Balanced Growth

2.3%

7

CareSuper Balanced

2.1%

8

Auscoal Growth

2.0%

9

Plum Pre-Mixed Moderate

1.9%

10

MLC Horizon 4

1.7%

Source: Chant West, 25 July 2012 media release (www.chantwest.com.au)

*Performance is net of investment fees and taxes. It does not include administration fees or adviser commissions.

Top 10 performing super funds over 7 years – industry funds win

A great investment performance for one year does not create a healthy retirement balance. What then does this mean for anyone considering whether the super fund they have is the best-performing super fund over the long term?

Industry super funds dominate in Chant West’s table for the top 10 performing super funds over 7 years, although a corporate fund investment option tops the list – Commonwealth Bank Group Super Mix 70 – with an average annual return over 7 years of 6.0%. For the other super funds that make the top 10 investment performance list over 7 years check out the article Industry funds outperform retail funds for 2011/2012 year.

© Copyright Trish Power 2009-2014

Copyright for this article belongs to Trish Power, and cannot be reproduced without express and specific consent.


IMPORTANT: SuperGuide does not provide financial advice. Comments provided by readers that may include information relating to tax, superannuation or other rules cannot be relied upon as advice. SuperGuide does not verify the information provided within comments from readers. Readers need to seek independent advice about their personal circumstances.

Comments

  1. Gerard Allison says:

    I was looking at your website for Super Fund Comparison.
    First State Super say they have the top rating fund, but they
    don’t appear on you top ten.
    How do you rate FSS.

    Thanks

  2. Health Super has 2nd rating and i was happy for the 8 year my superannuation fund was with Health Super but it has now been taken over by First State Super and the performance seem to have dropped by 30% and to withdraw from my unrestricted amount i am now charged $36 for every withdrawal and $25 to change my investment option more than once in a year hwile Health Super never charged fees for withdrawals and the option of changing investments 12 time a year no charge, if a bank charged so much to withdraw your own money there would be uproar.

    • It’s so common for people to compare one fund to another in different years as Karen above does. You need to compare them with what the market is doing.

      Industry funds comparably did well over the GFC and during downturns because much of their growth assets were unlisted and the price based on a ‘Valuation’ rather than the market price. Now the markets are going back up again they are the bottom performers.

      What most people dont realise is that they have investment choice in 99% of super funds. If you are getting near retirement then perhaps you should be thinking about allocating funds that you plan to spend shortly into Cash/Term Deposits (and get really low BUT guaranteed returns).
      Most Retail multimanager (eg conservative/balanced/high growth) funds tend to underform. If you have a quality fund with many specialist managers and the skill to put together a portfolio then don’t use a multimanager fund.
      One last point is in my opinion the the Fixed Interest bubble will burst in the not too distant future(Interest rates must go up at some point meaning your Fixed Interest investments will go down) and the so called ‘safe’ portion of your portfolio will not be so safe anymore. Beware the mixed option.

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