The data shows industry funds outperformed bank-owned super funds by around 2.2 per cent over the past 10 years, and Industry Super Australia deputy chief executive Robbie Campo says the “sustained” outperformance can be attributed to “governance arrangements” and differing investment approaches.
Ms Campo says the approach industry funds have toward asset allocation has assisted in improving member returns in the current economic environment.
“In the current difficult investment climate these factors have served members’ interests well,” she said.
Recently, Chant West director Warren Chant noted that superannuation returns for the most recent financial year were significantly lower than the previous three years, a fact supported by the SuperRatings data, which puts the rolling three-year returns for industry funds at 8.76 per cent, markedly higher than this year’s average return.
Returns for bank-owned super funds for the 2015-16 financial year were 1.74 per cent.
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