The top 10 best performing super funds this financial year were in the not-for-profit sector with the typical balanced option returning 6.9 per cent, despite a rollercoaster year for markets.
After a rough first half of the financial year, super funds almost matched their long term average return for the full year.UniSuper was the highest-returning balanced option over the year to June 30, with a return of 9.9 per cent, followed by QSuper and Media Super, which returned 9.7 per cent and 8.8 per cent, respectively, figures from SuperRatings show.
Domestic and international shares play the biggest roles in super funds' returns as the typical balanced option has about half the money in shares. Both UniSuper and QSuper are among the top-returning funds over 10 years to June 30, narrowly behind Australian Super, which remains at the top of the long-term leader board with an average annual return of 9.8 per cent.
Source: Financial Digest (financialdigest.net)
Yes! Unisuper the top performer. Also a real pleasure to deal with.
Worth remembering that 'best performing' isn't always 'best'. Try and choose an ethical fund. There's little point reusing your plastic bag while your super is funding environmentally unsound practices elsewhere.
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