Retirement
Top 10 funds in 10 years: Super’s scorecard
Stronger than expected performance in the June quarter and predicted improvements should see Aussie savers breathe a sigh of relief, but some funds are performing better than others.
Top 10 funds in 10 years: Super’s scorecard
Stronger than expected performance in the June quarter and predicted improvements should see Aussie savers breathe a sigh of relief, but some funds are performing better than others.
According to SuperRatings’ latest data, the second half of 2018 should see super funds’ performance improve, if history is anything to go by.
The research house noted that balanced options have over the last 10 years delivered higher returns in the second halves of the calendar year, returning an average 1.9 per cent in the September quarter and 1.7 per cent in the December quarter. That’s compared to average June quarter returns of 0.9 per cent.
This is a reflection of the “seasonal impact” on equity markets, SuperRatings said.
However, the June 2018 quarter saw the median balanced option grow 1.3 per cent, bringing the return to 3.3 per cent. This strong recovery is actually at odds with history, SuperRatings’ chief executive Kirby Rappell said.
“Luckily this year investors forgot the old adage of ‘sell in May and go away’. Instead we saw a strong recovery which ended up producing a very positive June quarter for superannuation,” he said.
“If history is a guide, members can anticipate a bit of a kick in coming periods, although this is conditional on the management of some downside risks to the Australian economy, as well as the broader global growth picture.”
However, softer overall growth is still likely given continued reverberations from the royal commission into financial services.
“The Australian economy has a bit of extra baggage, including low wage growth and a cooling property sector which could impact sentiment, but overall our outlook is positive,” he said.
So, who’s doing the best?
These were the top 10 balanced funds over the 10 years to 30 June 2018, according to SuperRatings' analysis.
| Fund & Option | Return over 10 years (p.a.) |
| UniSuper Accum (1) - Balanced | 7.6% |
| CareSuper - Balanced | 7.5% |
| Equip MyFuture - Balanced Growth | 7.5% |
| Rest - Core Strategy | 7.4% |
| HOSTPLUS - Balanced* | 7.4% |
| AustralianSuper - Balanced | 7.3% |
| Cbus - Growth (Cbus MySuper)* | 7.2% |
| Catholic Super - Balanced (MySuper) | 7.2% |
| AustSafe Super - MySuper (Balanced) | 7.0% |
| First State Super - Growth | 7.0% |
Read more at Nestegg "Top 10 highest performing super funds".
RELATED ARTICLES
Superannuation
Rest strengthens investment strategy with seasoned executive appointment
In a strategic move to bolster its investment strategy, Rest, one of Australia's largest profit-to-member superannuation funds, has appointed Andy Moser as the Head of CIO Office. This newly created ...Read more
Superannuation
NGS Super strengthens leadership with appointment of new Chief Member Officer
In a strategic move to bolster its member growth and experience transformation, NGS Super has appointed Adam Parsons as the new Chief Member Officer (CMO). Effective from 1 June 2026, Parsons will ...Read more
Superannuation
Aware Super triumphs at Chant West Super Fund Awards with top honours
In a significant achievement for Aware Super, the fund has clinched top honours at the Chant West Super Fund Awards, securing both the Super Fund of the Year and Pension Fund of the Year titlesRead more
Superannuation
NGS Super rolls out enhanced member advice services with a focus on accessibility
In a significant move to make financial advice more accessible, NGS Super has unveiled an enhanced suite of member advice services, featuring a new digital advice platform. This initiative aims to ...Read more
Superannuation
US data centre investment highlights the benefits of decarbonisation and digitalisation
In a compelling demonstration of the global shift towards decarbonisation and digitalisation, Rest, one of Australia's largest profit-to-member superannuation funds, has underscored the value created ...Read more
Superannuation
Aware Super bolsters support for financial advisers amid growing partnerships
In a strategic move to enhance its growth trajectory, Aware Super has announced a significant investment in bolstering support for financial advisers, aiming to deliver superior retirement outcomes ...Read more
Superannuation
TelstraSuper and Aware Super merge, creating a powerhouse with over $235 billion in funds
In a strategic move that underscores the growing trend of consolidation in the superannuation industry, TelstraSuper and Aware Super have successfully completed their merger, creating a formidable ...Read more
Superannuation
Parliamentary support heralds a fairer superannuation system for under-18s
In a significant development for Australia's superannuation landscape, Rest, one of the nation's largest profit-to-member super funds, has praised the recent cross-parliamentary support for extending ...Read more
Superannuation
Rest strengthens investment strategy with seasoned executive appointment
In a strategic move to bolster its investment strategy, Rest, one of Australia's largest profit-to-member superannuation funds, has appointed Andy Moser as the Head of CIO Office. This newly created ...Read more
Superannuation
NGS Super strengthens leadership with appointment of new Chief Member Officer
In a strategic move to bolster its member growth and experience transformation, NGS Super has appointed Adam Parsons as the new Chief Member Officer (CMO). Effective from 1 June 2026, Parsons will ...Read more
Superannuation
Aware Super triumphs at Chant West Super Fund Awards with top honours
In a significant achievement for Aware Super, the fund has clinched top honours at the Chant West Super Fund Awards, securing both the Super Fund of the Year and Pension Fund of the Year titlesRead more
Superannuation
NGS Super rolls out enhanced member advice services with a focus on accessibility
In a significant move to make financial advice more accessible, NGS Super has unveiled an enhanced suite of member advice services, featuring a new digital advice platform. This initiative aims to ...Read more
Superannuation
US data centre investment highlights the benefits of decarbonisation and digitalisation
In a compelling demonstration of the global shift towards decarbonisation and digitalisation, Rest, one of Australia's largest profit-to-member superannuation funds, has underscored the value created ...Read more
Superannuation
Aware Super bolsters support for financial advisers amid growing partnerships
In a strategic move to enhance its growth trajectory, Aware Super has announced a significant investment in bolstering support for financial advisers, aiming to deliver superior retirement outcomes ...Read more
Superannuation
TelstraSuper and Aware Super merge, creating a powerhouse with over $235 billion in funds
In a strategic move that underscores the growing trend of consolidation in the superannuation industry, TelstraSuper and Aware Super have successfully completed their merger, creating a formidable ...Read more
Superannuation
Parliamentary support heralds a fairer superannuation system for under-18s
In a significant development for Australia's superannuation landscape, Rest, one of the nation's largest profit-to-member super funds, has praised the recent cross-parliamentary support for extending ...Read more
