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The Default Option Index, which covers most members' accounts, shows the average fund member's earnings rose to 12 per cent over the year to August 31, up from 11.3 per cent the previous month. The three-year index maintained relative strength over the year at 12.4 per cent, up from 12.3 per cent the month before. The SelectingSuper Balanced Index, for funds open to the public, recorded 10.9 per cent returns in the year to August 31 and 11.3 per cent over three years; rises of 0.8 and 0.1 percentage points respectively on the previous month. Each index reflects the average investment performance for that sector. The funds included represent almost 14 million accounts. The tables show how the market is performing, the fees being charged and what insurance cover is available. The 10 Largest Super Funds Default Options represent $165 billion in assets. The amount of money held in super grew very little, if at all during the June quarter, largely due to some negative investment performance over that period although it is bouncing back this quarter. The performance figures reflect the funds' default investment option. The 10 Best-Performing Diversified Balanced Options shows the best-performing balanced investment options available to the public. The performance is ranked on three years' returns. Fees in both tables are based on a balance of $50,000. Rainmaker Information is a leading wealth-management research company. See www.selectingsuper.com.au. |
