Australian superannuation funds have recorded restrained results over the month of November, according to the interim results of Morningstar's Australian Superannuation Survey, which monitors the performance of Australian-offered retirement savings vehicles.
The findings indicate that the median fund in the 'Multisector Growth' category - ie. 60 to 80 per cent growth assets - recorded a 0.6 per cent gain, managing to "tip-toe into positive territory over the month." The median manager in that same category also recorded a 0.6 per cent return, with individual managerial results ranging from -0.2 per cent to 1.1 per cent.
Over the calendar year to 30 November, the median fund returned 12.5 per cent, while the longer-term annualised results for the median fund suggested 11.1 per cent over one year, five per cent over three years, -0.1 per cent over five years and 5.8 per cent over the decade.
The survey also revealed somewhat "restrained" results for traditional growth assets - with Australian shares rising 0.4 per cent, international shares rising 0.7 per cent and global property securities rising one per cent.
Similarly "muted" results were recorded by defensive assets: global fixed income returned 0.7 per cent, cash returned 0.3 per cent and Australian fixed income returned a narrow 0.01 per cent.
The survey also indicated the best performing growth super funds over the three-year period to 30 November. REST Super Core Strategy fared best, recording 7.2 per cent growth over the period, followed by AustralianSuper Conservative Balanced (7.0 per cent), Schroder (6.1 per cent) and REST Super Diversified and Perpetual Balanced Growth, which both recorded 5.8 per cent growth.
