Another strong performance from global sharemarkets in November has set up younger members of lifecycle funds for bumper returns in the 2019 calendar year.
Widespread sell-offs in the share and property markets meant super funds dropped significantly in February. According to super research house Chant West the median growth fund (61-80% in growth assets) fell 3.1% in February and has dropped a further 10.5% in March to date.
Superannuation pension funds provided retirees with stellar returns in 2019, leaving many retirees with more in their fund at the end of the year even after withdrawing pension income.
Low fees went even lower in 2019, as revealed in the top 10 super and pension funds with the lowest fees.
Hostplus and AustralianSuper cemented their position in the top two spots with average annual returns over the last 10 years of 9.2% and 9% respectively. The top 10 consists entirely of industry funds, beating all retail and corporate funds.
Super funds defied all expectations in 2019, recording their best calendar year since 2013. The median growth fund returned 14.7%, capping an eight-year run of positive returns.
UniSuper Balanced took out the top spot with a stellar return of 18.4%, the brightest star among many. All 10 top performing funds returned 16% or more.
In the reckoners below you can view the median super fund returns for 1, 3, 5, 7, 10 and 15 years across five different investment options.
SuperGuide’s Asset Sector Performance reckoner allows you to compare the investment performance of various asset classes over the short, medium and long term. The reckoner covers 12 asset classes over 1, 3 and 5 years and, where available, also over 7, 10 and 15 years.
Is your super fund a star performer or a lemon? Follow our 6-step guide to assess if your super fund is right for you.
If you believe your super fund is not performing as well as you had hoped, or as well as other super funds, what can you do? Here’s our 5-step guide to help you assess whether your super fund’s investment performance is staying with the pack – or lagging the field.
In the last few weeks SuperRatings and SelectingSuper have announced the winners of their Fund of the Year Awards.
According to the 10/30/60 rule, 60% of your retirement income comes from the investment returns you achieve during your retirement, and underlines how important it is to continue to earn a good investment return in your retirement years.
Being in a good performing super fund is one of the key factors for growing your super balance. The recent Productivity Commission (PC) review of superannuation identified that members of consistently poor performing funds would have substantially lower super balances at retirement.
In this article you can find super fund performance for 1, 3, 5, 7, 10 and 15 years, up to the latest financial year and across five different investment options. We’re grateful to Chant West for providing the statistics in this article.