Balanced super accounts grow 1.7% in April



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Superannuation funds enjoyed strong returns during April, according to data from SuperRatings.

SuperRatings has reported that the median balanced option grew 1.7 per cent during the month.

The median balanced option grew 8.1 per cent during the year to April and 6.0 per cent per annum during the decade to April.

Median balanced option returns to 30 April 2018

Period Returns
1 month 1.7%
1 year 8.1%
3 years 6.4% p.a.
5 years 8.5% p.a.
7 years 8.0% p.a.
10 years 6.0% p.a.

During the past decade, an investment of $100,000 in a median balanced option would’ve grown to $173,506, according to SuperRatings.

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Looking at the extremes, the best-performed balanced fund would’ve grown to $194,341, while the worst-performed fund would’ve reached only $139,831.

Top 10 performing balanced funds over 10 years

Period Returns
REST – Core Strategy 7.1% p.a.
CareSuper – Balanced 7.1% p.a.
Equip MyFuture – Balanced Growth 6.9% p.a.
Cbus – Growth (Cbus MySuper) 6.8% p.a.
HOSTPLUS – Balanced 6.8% p.a.
Catholic Super – Balanced (MySuper) 6.8% p.a.
Australian Super – Balanced 6.8% p.a.
First State Super – Growth 6.5% p.a.
AustSafe Super – MySuper (Balanced) 6.5% p.a.
BUSSQ Premium Choice – Balanced Growth 6.5% p.a.

SuperRatings chief executive Kirby Rappell said the April data shows that superannuation serves members well despite market fluctuations.

However, Mr Rappell also said that members should not expect the market to perform well every month.

“Members are undoubtedly pleased to see the back of the sort of volatility we experienced in February. But volatility is still high compared to the historic lows of last year, and for the rest of 2018 it is hard to see this theme of volatility disappearing off the radar,” he said.

“Central banks have begun to tighten monetary policy in response to inflation expectations, and this will require super funds to navigate a changing global market environment.”

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