Industry funds exceed retail fund returns over last 10 months
The now-stalled marketing drive by industry funds to showcase their low fee environment has received a fillip from the latest crop of super fund investment results for April.
Research house SuperRatings found that eight industry funds were among the top 10 balanced superannuation funds in the 10 months to April. The eight industry funds earned returns of between nine per cent and to 10.2 per cent over the period.
Balanced funds are those with an exposure to growth-style assets of between 60 and 76 per cent of assets. The top five performing balanced fund options in the past 10 months were Qsuper, the Retail Employees Superannuation Trust, UniSuper and the Motor Traders Association fund, with the Australian Retirement Fund and Health Super equal fifth.