The result was largely driven by strong performance from domestic and overseas listed shares during 2013/2014.
Chant West also said all sectors contributed positive returns for the year, but the better performing funds were those that had higher exposure to growth assets, particularly listed shares.
VicSuper returned investors 15.8 per cent for the year, closely followed by Telstra Super and then Statewide Super (14.9 per cent).
Chant West director Warren Chant indicated there has now been five consecutive years of growth, with 10.4 per cent in 2009/2010, 9.2 per cent in 2010/2011, 0.5 per cent in 2011/2012, 15.6 per cent in 2012/2013, and now 12.8 per cent for the previous year.
“That’s a cumulative increase of about 58 per cent, or just under 10 per cent per annum. It’s particularly impressive given the typical long-term objective for growth funds is to return three per cent and four per cent a year above the inflation rate,” said Mr Chant.
Mr Chant said the performance over the past years has gone a long way towards erasing the dark memories of the GFC.
“From the low point in early 2009, growth funds have put on 70 per cent. They now stand about 25 per cent above their pre-GFC high achieved in October 2007,” said Mr Chant.
“This strong bounce back shows how resilient and forward-looking markets are, because it’s been achieved despite a patchy economic background,” he said.
