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 (%)|
|Super fund and investment option||1 year return*|
|Health Super Medium-Term Growth|
|Commonwealth Bank Group Super Mix 70|
|REI Super Trustee Super Balanced|
|Vision Super Balanced Growth|
|Plum Pre-Mixed Moderate|
|MLC Horizon 4|
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.