What is the Best Performing Super Funds 2020
From 1 July 2005, Australian employees can choose which preferred super fund when their employer pays their super contributions. However, there are more than 500 superannuation funds and which super fund is the right one.
How to Choose a Super Fund ?When you are looking for a super fund, you should consider fund performance, fees, insurance, services and find balance between each others.
Search the fund’s investment performance and compare last three years, five years and ten years. When do the comparison, you need to compare like to like, for example balanced option to balanced option or growth option to growth option during the same time period.
All super funds have an ongoing fee and will eat all your returns by a higher fee sometimes. Also, when switching investments, a dollar amount or a percentage will be charged again.
Typically, Super funds offer three types of insurance for their customers.
- TPD ( Total and Permanent Disability )
- Death Cover
- Income Protection
- Investment Option
Most of super funds allow their customer to choose one or more investment options.
- Australian Shares
- International Shares
What is the Best Investment Performance in 2020 July?
The best Investment performance of the super fund option is “Suncorp Brighter Super Pers – Suncorp Multi-Manager Growth Fund” and has 8.22% returns on a period of 3 years.
|Suncorp||Multi-Manager Growth Fund||8.22%|
|UniSuper||Accumulation (1) – Balanced||6.97%|
|Aust Ethical Pers||Balanced||6.52%|
|Vision SS||Balanced Growth||6.50%|
As at 30 June 2020