Super fund returns
Superannuation fund investment returns.
Despite the drop in June superannuation funds have delivered a “strong result” for the 2014/15 financial year, according to superannuation research firm SuperRatings.
The ‘median balanced’ super fund investment option returned 9.7% for the 2014/15 financial year, with a -2.1% return for the month of June.
“Rising investment markets have helped produce a strong return for super fund members with the median Balanced Option providing a 1.0 per cent gain during the month of May,” said SuperRatings.
An annual survey of Environmental, Social and Governance (ESG) superannuation investment options by independent research company SuperRatings has found “competitive performance” compared to mainstream investment options.
SuperRatings found that ESG balanced funds returned a median of 11.9% in the 12 months to April 2015, compared to 12.0% for the broader SuperRatings SR50 Balanced Index.
Superannuation funds were “hit by difficult investment conditions,” said SuperRatings (PDF), with the ‘median balanced fund’ falling by 0.4% in April.
Superannuation research firm SuperRatings says superannuation funds returned a “healthy” 0.6% in March 2015.
This was down from the “robust” 3.0% return in February, but “achieved despite a 0.1 per cent fall in the ASX200 Accumulation Index and declines in international equities,” said SuperRatings.
SuperRatings said superannuation funds surged ahead in February, “continuing their stellar run, hitting double digit returns for the first time this financial year to date.”
The average super fund returned 8.1% in 2014, ahead of an earlier estimate of 7.5%, according to research company SuperRatings.
The median balanced option for super funds returned a “solid” 8.1% in the 2014 calendar year, “exceeding expectations,” said SuperRatings. This follows from a 16.3% gain in 2013 and 11.7% in 2012.