$12bn super fund notches top growth option of CY2023 

InvestorDaily

New analysis has found a $12.5 billion superannuation fund beat out some of Australia’s mega funds to deliver the top-performing growth option over the 2023 calendar year. With a return of 11.8 per cent, Mine Super has delivered the top-performing growth option in the last calendar year, according to a Chant West analysis. This was followed by Vision Super (11.7 per cent), IOOF Balanced Investor Trust (11.2 per cent), and Aware Super Balanced (11 per cent).

The fifth spot was taken by TWUSUPER Balanced (MySuper) at 10.6 per cent – a fund that is interestingly in the process of merging with Mine Super to create Team Super, a $20 billion fund with some 150,000 members. According to data, HESTA Balanced Growth (10.5 per cent), Brighter Super MySuper (10.4 per cent), UniSuper Balanced (10.3 pr cent), Prime Super MySuper (10.3 per cent), and Australian Retirement Trust – Super Savings balanced (10.2 per cent) rounded up the top 10. “For inclusion in the top 10, investment options must have been in the growth category for the full year and where an investment option is not a fund’s main option in the growth category, it must also meet a minimum size requirement of $1 billion,” Chant West clarified.

The rest of this article can be found at investordaily.com.au.