Top-performing superannuation funds are revealed – showing how much money you COULD be earning for your retirement
- Top earning superannuation funds in one year and 10 years have been revealed
- The highest earning funds give an investment return of just under 10 per cent
- Australians have $2 trillion in superannuation, behind the US, UK, and Japan
The top performing superannuation funds have been revealed – showing Australians just how much they could be earning for their retirement.
Over the last financial year to the end of June 2019, the top growth fund is UniSuper at a 9.9 per cent return.
This is closely followed by QSuper which has seen investments earn 9.7 per cent over the last 12 months, according to SuperRatings.
‘Fund performance comes down to domestic and international shares,’ finance expert Effie Zahos told the Today Show.
Over the last financial year to the end of June 2019, the top growth fund is UniSuper at a 9.9 per cent return
‘Most Australians have a balanced fund, which has about half their money in shares, and despite the volatility, they’ve had a good run.
‘Look at the ASX200 now and that’s a lot of the reason super funds have performed well.’
Australians currently have a total of about $2 trillion sitting in superannuation, according to regulator APRA.
That’s the fourth biggest amount in the world behind the US, UK, and Japan.
That amount of money in the super industry is also very profitable for investment funds.
There has been about $230 billion collected in superannuation fees over the last 10 years, according to research firm Rainmaker.
The top performing growth funds over the last decade have also seen returns at about 9 per cent. AustralianSuper tops the list at 9.8 percent and in the second spot is Hostplus at 9.7 per cent.
Australians currently have a total of about $2 trillion sitting in superannuation