All Growth super funds returned 26.7% while, at the other end of the spectrum, investors in conservative super fund saw returns of 7.9%.
The top-performing fund was Mine Super Growth which returned 22.6% followed by CFS FirstChoice Growth which returned 21.7%. Chant West said funds which did well tended to be those which had higher allocations to international shares and low allocations to bonds and cash.
“An 18% return would have been inconceivable a year ago and represents a welcome reward for fund members who held their nerve and remained patient through the depths of the COVID-induced market crisis,” Mano Mohankumar, Chant West senior investment research manager, said.
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Top super funds defy gloom with 20 per cent returns
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