Retail fund tops 2022 super returns
A retail master trust, the Perpetual Balanced Growth Fund, has emerged as the best-performing superannuation offering for 2022, according to the latest data from SuperRatings.
The specialist superannuation ratings house said the Perpetual fund had delivered a return of 1.7% over the 12-month period in a year during which the median growth reported negative 4.8%.
According to the ratings house, the only other fund to edge into positive territory for the period was First Super Balanced with a return of 0.01%.
SuperRatings said the 2022 calendar year had been the fourth time since 2000 during which members had seen balances fall.
The returns had been driven down by declines in property and international shares and was further impacted by fixed interest failing to act as a safety net.
Please publish your performance attribution Host Plus. I’d love to see the financial gymnastics.
This unlisted valuation stuff is a joke (in my opinion) – take a look at the returns between listed and unlisted property for example as reported in the AFR on Jan 11.
The fact that some funds are called ‘balanced’ when they call unlisted property or infrastructure a defensive asset is the real crime.
These charts should be apples v’s apples and until asset classes are set in stone as to how they can be counted, we will always see financial gymnastics.
So does this mean you are NOT always better off in an industry fund!!! From little LIES big LIES grow!!!
I also note that although Perpetual topped the chart for 2022, they are not in the top 20 over 10 years.
This again no surprise as 80% of actively managed funds do not even beat the index.
I am an “alpha sceptic” and believe an SMSF with Vanguard or similar index funds and a diversity of unlisted property trusts works best over the long term.