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In this article you can discover the top 10 performing All Growth pension funds over 1 year and 10 years. We recommend that you also read our explanatory article Introduction to SuperGuide’s top 10 performing super fund lists which can help you understand how to compare the different risk categories that super investment options sit within.
What is an All Growth investment option?
Investment options with a 96–100% allocation to growth assets are termed All Growth by Chant West, a research company that has been analysing super fund performance for more than 20 years.
All Growth investment options may appeal to people who want to substantially grow their super over the long term but are comfortable with the risk of major fluctuations and a negative return every so often. They are generally most appropriate for people who have at least seven years or more to invest and can use the power of time to ride out any volatility.
How does an All Growth investment option behave?
In the short term, investment options in the All Growth risk category will generally be the most volatile of all risk categories. This means its capacity for high returns is generally more than all other risk categories, but it also means its capacity for downturns and more extreme negatives is more likely.
In the long term, an All Growth investment option will generally have the capacity to grow more over longer periods than investment options in any other risk category.
Note: We only list the top 5 investment options for All Growth pension funds because there are fewer options in this category, and to ensure that all funds highlighted performed better than the median fund.
Top 5 All Growth investment options (pension funds): 1 year to December 2020
| Super fund | Investment option | Return |
|---|---|---|
| Vision Super | Just Shares | 11.3% |
| UniSuper | High Growth | 9.0% |
| BUSSQ | All Growth | 7.0% |
| Sunsuper | Shares | 6.6% |
| Christian Super | Ethical High Growth | 6.4% |
Source: Chant West. The top 10 is limited to All Growth options with assets of $1 billion or more. Performance is shown net of investment fees and tax, and before administration and adviser commissions.
- Pension fund rankings: All Growth category (96–100%)
- Pension fund rankings: High Growth category (81–95%)
- Pension fund rankings: Growth category (61–80%)
- Pension fund rankings: Balanced category (41–60%)
- Pension fund rankings: Conservative category (21–40%)
2020 was a roller coaster year for superannuation and the global economy in general, but the median 1 year return for All Growth investment options across the board was 5.0%.
Below you can find the top 10 performing All Growth investment options over 1 year to June 2020. Click the arrow to see the top 10, or continue reading to discover the top 10 performing All Growth investment options over 10 years.
Top 5 All Growth investment options (pension funds): 1 year to June 2020
| Super fund | Investment option | Return |
|---|---|---|
| BUSSQ | All Growth | 2.0% |
| UniSuper | High Growth | 1.7% |
| Vision Super | Just Shares | 1.5% |
| Mine Super | Aggressive | -0.6% |
| VicSuper | Equity Growth | -1.1% |
Source: Chant West. The top 10 is limited to All Growth options with assets of $1 billion or more. Performance is shown net of investment fees and tax, and before administration and adviser commissions.
Playing the long game
It’s important to keep an eye on how your pension is performing for you year to year (and interesting to see how other funds have performed), but for most people, superannuation will be the longest-held investment we ever have, and our lens on super should reflect that.
Longer-term figures are more significant because they incorporate the ups and downs over that entire period, and allow us to see which investment managers can consistently deliver superior performance, regardless of changing external conditions.
Top 5 All Growth investment options (pension funds): 10 years to December 2020
| Super fund | Investment option | Return (% per yr) |
|---|---|---|
| UniSuper | High Growth | 11.7% |
| Rest | Shares | 11.3% |
| Vision Super | Just Shares | 11.2% |
| MLC | Horizon 6 | 10.5% |
| VicSuper | Equity Growth | 10.5% |
Source: Chant West. The top 10 is limited to All Growth options with assets of $1 billion or more. Performance is shown net of investment fees and tax, and before administration and adviser commissions.
Again median figures can provide good context. In the ten-year period to December 2020, All Growth investment options as a category delivered a median return of 9.9%.
A small difference in performance makes a big difference over time
Although the difference between the top performer and the median may not seem that significant (1.8% per year), the difference builds up significantly over time due to compounding. We have developed the SuperGuide Super fees and returns calculator to help readers understand the difference the fees they pay and projected returns may make over time.
For example, for a 67-year-old with $500,000 in super achieving 11.2% per year, their super balance would grow to approximately $1,900,433 by age 85 (assuming 0.8% in fees and not withdrawing any super) .
All other things being equal, achieving 9.6% instead would mean a super balance of approximately $1,403,128 – a difference of $497,305 or approximately 26% less.
But don’t forget sequencing risk
When you are nearing or in retirement it is important to allow for sequencing risk, particularly if you need to draw down a significant part of your super balance.
Below you can find the top 10 performing All Growth investment options over 10 years to 30 June 2020. Click the arrow to see the top 10.
Top 5 All Growth investment options (pension funds): 10 years to June 2020
| Super fund | Investment option | Return (% per yr) |
|---|---|---|
| UniSuper | High Growth | 11.2% |
| Vision Super | Just Shares | 10.7% |
| REST | Shares | 10.7% |
| VicSuper | Equity Growth | 10.4% |
| MLC | Horizon 6 | 10.3% |
Source: Chant West. The top 10 is limited to All Growth options with assets of $1 billion or more. Performance is shown net of investment fees and tax, and before administration and adviser commissions.
© Zenith CW Pty Ltd ABN 20 639 121 403 (Chant West), Authorised Representative of Zenith Investment Partners Pty Ltd ABN 27 103 132 672, AFSL 226872 under AFS Representative Number 1280401 2020.
The data provided by Chant West is based on information supplied by third parties and does not contain all the information required to evaluate the nominated service providers, you are responsible for obtaining further information as required. The data provided by Chant West does not constitute financial product advice. However, to the extent that this data is advice it is General Advice (s766B Corporations Act) and Chant West has not taken into account the objectives, financial situation or needs of any specific person who may access or use this data. It is not a specific recommendation to purchase, sell or hold any product(s) and is subject to change at any time without prior notice. Individuals should consider the appropriateness of any advice in light of their own objectives, financial situations or needs and should obtain a copy of and consider any relevant PDS or offer document before making any decision. Data is provided in good faith and is believed to be accurate, however, no representation, warranty or undertaking in relation to the accuracy or completeness of the data is provided. Data provided is subject to copyright and may not be reproduced, modified or distributed without the consent of the copyright owner. Except for any liability which can not be excluded, Chant West does not accept any liability whether direct or indirect, arising from use of this data. Past performance is not an indication of future performance. Full details regarding Chant West’s research methodology, processes, ratings definitions are available at www.chantwest.com.au and Chant West’s Financial Services Guide is available at www.chantwest.com.au/financial-services-guide.
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