The interim results of the Morningstar Australian Superannuation Survey have been published, finding Australian superannuation funds had a bumper year over 2013.
The median growth fund surveyed returned 18% over the calendar year, the highest since 1993.
The year started strongly, with the first quarter producing a solid 4.7%. The highest quarterly return was recorded in September with 5.1% and June held the lowest quarterly result with 2.3%.
Only two negative medians were recorded over the year, March (-0.3%) and June (-0.8%). The year finished with the December median of 1.3%, results ranged from a high of 1.8 to a low of 1%.
Longer-term annualised returns were 9.2% (over three years), 9.6% (over five years), and 7% (10 years to 31 December 2013).
The best-performing growth superfunds over the year were:
- Legg Mason Growth (26.9%)
- Legg Mason Balanced (23.3%)
- Invesco Diversified Growth (22%)
The best-performing growth superfunds over five years were:
- Legg Mason Growth (12.4%)
- Legg Mason Balanced (12.1%)
- Schroders (11.5%)
Among balanced options – 40 to 60% percent growth assets – the best performers over the year were:
- BT Balanced (15.2%)
- State Super Balanced (14.6%)
- REST Super Balanced (14.4%)
Australian commercial for-profit and industry superannuation options were surveyed.