In a survey conducted by Morningstar, the researcher found superannuation funds recorded positive results over October 2014, with individual results ranging from a “high of 2.4 per cent to a low of 0.5 per cent”.
Morningstar also pointed out longer-term annualised median returns currently stood at 8.4 per cent over one year, 11.8 per cent over three years and 6.5 per cent over 10 years to 31 October 2014.
“The best-performing growth superfunds over the year to 31 October were Legg Mason Growth (10.2 per cent), followed by AMP Capital FD Balanced (9.8 per cent), Maple-Brown Abbott and Energy Super Balanced (both 9.4 per cent), and REST Super Diversified (9.1 per cent),” Morningstar said.
The researcher also said growth assets “produced positive results” in October as well, with global listed property increasing 8.0 per cent and Australian shares growing 4.3 per cent.
“Global listed property provided the standout performance over the year (18.8 per cent), followed by global shares (17.4 per cent), Australian listed property (16.7 per cent), and Australian shares (6.1 per cent),” Morningstar said.
“Multi-sector growth super funds’ average allocation to equities at 30 September 2014 was 57.1 per cent, 28.6 per cent Australian and 28.5 per cent global, while the average property exposure was 7.3 per cent,” it said.
“Legg Mason Growth had the highest allocation to Australian shares (52.9 per cent), followed by Legg Mason Balanced (46.9 per cent), and Energy Super (36 per cent),” Morningstar said.
