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Despite tumultuous markets in 2020 brought by the COVID-19 pandemic, over 90% of balanced superannuation funds made a return during the year, with the top fund returning over 11%, according to data.
FE Analytics data found, within the Australian Superannuation universe, Australian Catholic Super’s MySuper Balanced Option was the top balanced fund performer at 11.4% with the sector average of 2.7%, over the year to 31 December, 2020.
This was followed by AMP SignatureSuper MySuper Macquarie Balanced Growth at 8.47%, AMP SignatureSuper Macquarie Balanced Growth at 8.04%, Australian Ethical Balanced Accumulation at 7.98%, and Suncorp Brighter Super Personal Suncorp Multi Manager Balanced and Suncorp Bright Super Business Suncorp Multi Manager both returned 7.97%.