Yahoo Finance Top Aussie superannuation funds revealed
Superannuation is the biggest investment most Aussies make in their lifetime.
The top-performing superannuation funds have been revealed in new research, with some surprising funds making the top 10.
The top 10 funds provided members with returns of more than 9.5 per cent for the 2022/23 financial year, and members in several of the best performers would be receiving double-digit returns, according to the research by SuperRatings.
“As we see funds offering members a range of investment options, it is worthwhile to note we are seeing different options perform well in different market conditions,” SuperRatings executive director Kirby Rappell said.
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“However, members should remember that superannuation is a long-term investment, and most of these options are still relatively new in superannuation terms. While short-term trends may be topical, longer-term trends are our primary focus as we want to see which funds have performed well over the long term and their alignment with their members’ outcomes.”
ESSSuper was the top-performing balanced fund for the year ending June 2023, returning 13.3 per cent for its Balanced Growth option.
This was followed by Vision Super’s Balanced Growth option and Brighter Super’s Balanced Option, with returns of 11.0 per cent and 10.6 per cent, respectively.
“Performance over the last 12 months has been a welcome result for our members and follows a multi-year program of reorienting the portfolio towards areas of competitive advantage,” Daniel Selioutine, ESSSuper’s group executive, investments said.
“Our shorter-term performance is explained by our positioning in equities and bonds. However, our dedicated investment team remains firmly focused on delivering longer-term investment outcomes to members.”
Top 10 balanced options over 12 months
As at June 30, 2023:
Rank | Option Name | 1 Year % | 10 Year % pa |
1 | ESSSuper Accum – Basic Growth | 13.3 | – |
2 | Vision SS – Balanced Growth | 11.0 | 8.1 |
3 | Brighter Super Accum – Balanced | 10.6 | 7.3 |
4 | UniSuper Accum (1) – Balanced | 10.3 | 8.4 |
5 | Equip MyFuture – Balanced Growth | 10.1 | 7.8 |
6 | Australian Retirement Trust – Super Savings – Balanced | 10.0 | 8.4 |
7 | IOOF Employer Super Core – IOOF MultiSeries 70 | 9.8 | 7.2 |
8 | Aware Super Future Saver – Balanced | 9.7 | 7.9 |
9 | Mercer Super Trust – Mercer Select Growth | 9.6 | – |
10 | HESTA – Balanced Growth | 9.6 | 8.0 |
SR50 Balanced (60-76) Index | 9.0 | 7.5 |
Top 5 passive balanced options over 12 months
As at 30 June 2023:
Rank | Option Name | 1 Year % | 10 Year % pa |
1 | HESTA – Indexed Balanced Growth | 12.5 | – |
2 | Rest – Balanced Indexed | 12.4 | – |
3 | Hostplus – Indexed Balanced | 12.3 | 7.9 |
4 | Brighter Super – Indexed Balanced | 11.7 | – |
5 | AustralianSuper – Indexed Diversified | 11.6 | 7.2 |
Top 5 sustainable balanced options over 12 months
As at June 30, 2023:
Rank | Option Name | 1 Year % | 10 Year % pa |
1 | Raiz Super – Emerald (SRI) | 13.3 | – |
2 | Super SA Triple S – Socially Responsible* | 12.1 | 7.3 |
3 | UniSuper Accum (1) – Sustainable Balanced | 11.0 | 8.2 |
4 | Aware Super Future Saver – Balanced Socially Conscious | 10.9 | 8.4 |
5 | Future Super – Balanced Index | 10.5 | – |
*This option is tax-exempt for members
Top 10 balanced options over 10 years
As at June 30, 2023:
Rank | Option Name | 1 Year % | 10 Year % pa |
1 | Hostplus – Balanced | 8.0 | 8.9 |
2 | AustralianSuper – Balanced | 8.2 | 8.6 |
3 | Australian Retirement Trust – Super Savings – Balanced | 10.0 | 8.4 |
4 | UniSuper – Balanced | 10.3 | 8.4 |
5 | Cbus – Growth (MySuper) | 9.0 | 8.3 |
6 | Vision Super – Balanced Growth | 11.0 | 8.1 |
7 | CareSuper – Balanced | 9.1 | 8.0 |
8 | HESTA – Balanced Growth | 9.6 | 8.0 |
9 | Aware Super Future Saver – Balanced | 9.7 | 7.9 |
10 | Spirit Super – Balanced (MySuper) | 9.2 | 7.8 |
SR50 Balanced (60-76) Index | 9.0 | 7.5 |
Top 10 funds based on volatility-adjusted performance with 7-year return shown
As at June 30, 2023:
Rank | Option Name | Rolling 7 Year % |
1 | CareSuper – Balanced | 7.5 |
2 | Australian Retirement Trust – Super Savings – Balanced | 8.3 |
3 | Hostplus – Balanced | 8.6 |
4 | Qantas Super – Growth | 7.8 |
5 | Aware Super Future Saver – Balanced | 7.7 |
6 | Cbus – Growth (MySuper) | 7.6 |
7 | AustralianSuper – Balanced | 8.1 |
8 | HESTA – Balanced Growth | 7.7 |
9 | Vision Super – Balanced Growth | 8.0 |
10 | IOOF Employer Super – MultiMix Balanced Growth Trust | 7.2 |
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