The front page of the Australian's business section for today led with the article 'Super Stars Widen Earnings Gap'. The article highlighted the performance of top performing super funds and suggested the gap between the best and worst funds was significant.
I think the report again highlights that holders of superannuation should be checking the performance of their funds. In times of strong growth it is easy to slip into the trap of thinking your fund is doing well by just looking at the numbers. Is the fund doing as well as it could or should be?
We always like to check the performance of the investments we recommend against those that are reported as doing well. The three top Balanced funds (over the past 10 months) mentioned in the article were the Catholic Super, Telstra Super and Legg Mason Super funds. The following table suggests that our 'Portfolio Plus' portfolios are right up there with the best over 1, 3 and 5 years as of 30 April 2007. (All returns are quoted net of fees.)
|
Fund |
Growth Allocation |
Date |
1 Yr |
3 Years |
5 Years |
Rank |
|
Portfolio Plus |
74% |
30/04/2007 |
16.04% |
17.11% |
12.05% |
1 |
|
Portfolio Plus |
70% |
30/04/2007 |
15.46% |
16.44% |
11.72% |
2 |
|
Telstra Super Balanced |
70% |
30/04/2007 |
13.48% |
16.22% |
11.55% |
3 |
|
Catholic Super Balanced |
74% |
30/04/2007 |
15.76% |
16.79% |
11.22% |
4 |
|
Legg Mason Balanced |
70% |
30/04/2007 |
13.21% |
15.26% |
10.46% |
5 |
(Ranked on 5 year returns)
It should be clearly noted that past performance is no prediction of future performance. We are confident that our approach to building investment portfolios (including superannuation) will continue to match it with the best.
