This is the second highest return since the introduction of compulsory superannuation in — the only better financial year result was Our growth fund category is where the majority of Australians have their superannuation invested. Mine Super Growth was the top performer for the year with a return of Despite the battering that share markets took over February and March , the diversification built into growth funds enabled them to limit the damage to a small loss of 0.
Australian shares gained an impressive The traditional defensive sectors such as bonds and cash were the weakest performers over the year, so keeping a low allocation to those would have helped performance. Cash was virtually flat with a return of just 0. Table 1 compares the median performance for each of the traditional diversified risk categories in Chant West's Multi-Manager Survey, ranging from All Growth to Conservative.
Chart 2 shows the top 10 performing growth options over 10 years, together with the survey median. Mohankumar says that while the Growth category is still where most people have their super invested, a meaningful number are now in so-called 'lifecycle' products.
Table 2 shows the median performance for each of the retail age cohorts, together with their current median allocation to growth assets. For comparison purposes it also includes a row for traditional MySuper Growth options — nearly all of which are not-for-profit funds. Care should be taken when comparing the performance of the retail lifecycle cohorts with the median MySuper Growth option, however, as they're managed differently so their level of risk varies over time.
As a result of the strong recovery since the end of March , the options that have higher allocations to growth assets have now done better over all periods shown. Younger members of retail lifecycle products — those born in the s, s and s — have outperformed the MySuper Growth median over all periods shown. However, they've done so by taking on significantly more share market risk. For further information, please contact: Jacqui Maddock, It is a not-for-profit, sector-neutral, and non-party political, national organisation.
Back to top Back to Media Releases. Toggle navigation Login. The information has been prepared without taking into account your individual investment objectives, financial circumstances or needs. Before you decide whether or not to acquire a particular financial product you should assess whether it is appropriate for you in the light of your own personal circumstances, having regard to your own objectives, financial situation and needs.
You may wish to obtain financial advice from a suitably qualified adviser before making any decision to acquire a financial product.
The examples provided in the article are not based on actual products or real consumer circumstances. The information in this article is of a general nature only, and does not take into consideration your objectives, financial situation or needs. It is not personal advice, and you should not rely on it, even if the example is similar to your own circumstances.
You should make your own enquiries and calculations based on your own personal circumstances as well as finding out specific product costs, rates or features that may be relevant to you.
You should consider seeking independent advice before making a purchase, credit, or investment decision. Canstar has identified the best-performing super funds on its database for annual investment returns over five and three years. Top performing super funds: five-year returns average per annum.
Top performing super funds: three-year returns average per annum. Why is performance important for super funds? Superannuation FAQs. Which super funds have the lowest fees? How do you choose a super fund? Is it easy to change super funds? Does it cost money to change super funds? How much super do you need to retire? Finance Journalist. Tamika covers personal finance for Canstar, specialising in banking and general insurance. She has previously written for a range of news, music and arts publications.
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