SuperRankings has revealed Australia’s top 10 funds for 2022-2023. year

SuperRankings has revealed Australia’s top 10 funds for 2022-2023. year


Australia’s best-performing large funds posted double-digit gains ahead of this year.







This marked a dramatic reversal from calendar year 2022, when the standard pension savings fund shrank.

Stock markets are rallying as inflation in the United States and Australia retreats from last year’s highs, prompting buyers to hope that interest rates will stop rising quickly.

The overall balanced fund, with 60-76% growth-oriented assets, was up 9% in the year to June 30, new data from SuperRankings has confirmed.

That’s a huge change from 2022, when equivalent growth-focused super funds fell 4.8% in the year to Dec. 31, marking the worst annual performance since the global currency disaster of 2008.

Australia’s best-performing big funds posted double-digit gains ahead of this financial year (pictured with younger girls at Sydney’s Royal Randwick racecourse)

ESSSuper Product Accum Basic Growth – Support Staff and Victorian Civil Service Fund – 2022-23 had a perfect return – 13.3%.

Fund group director Daniel Selioutin said a rally in the stock market and excessive bond yields, in which buyers of government bonds are rewarded with higher annual yields, had helped.

“Our short-term performance can be explained by our equity and bond positioning, but our dedicated investment team remains firmly focused on delivering long-term investment results for members,” he said. declared.

Of the top 10 SuperRankings in the chart, six posted double-digit returns, along with Vision SS – Balanced Growth (up 11pc), Brighter Super Accum – Balanced (up 10.6pc), UniSuper Accum – Balanced (up 11pc), up 10.3pc). and Equip MyFuture – Balanced Growth (up 10.1%) and Australian Retirement Trust – Super Savings – Balanced (up 10%).

The reporting interval coincided with Prime Minister Anthony Albanese (pictured with girlfriend Jodie Haydon) in February claiming that from July 1, 2025, the 0.5% of Australians owning more than 3 million dollars in superfoods would pay a nice tax rate of 30%. Rising. their contributions – from 15 percent at present

The reporting period coincided with Prime Minister Anthony Albanese’s announcement in February that from July 1, 2025, the 0.5% of Australians with wealth over $3 million will pay a good rate of 30% tax on their contributions, against 15% A raise. computer now.

Federal authorities estimate it could save about $2.3 billion a year from improper revenue in July 2027.

Australia’s stock market benchmark, the S&P/ASX200, ended 2022-23 up 9.7%, with repo returns largely reflecting net income.

The prior monetary year coincided with the Reserve Bank of Australia raising interest rates for the twelfth time in 13 months in June to an 11-year surplus of 4.1%.

By May, inflation had fallen to 5.6% from a 32-year high of 7.8% at the end of 2022, but was actually above the RBA’s 2-3% target.

Since the start of the employer’s mandatory retirement plan in 1992, Super’s performance has produced an average annual return of 7.1%.

The mandatory premiums were increased by half proportionally to 11% on July 1 and could increase by 0.5 proportional factor per year to 12% until July 2025.

Great features with the best performance

1. ESSSuper Accum – base boost: an improvement of 13.3 pcs

2. Vision SS – balanced progress: for 11 pieces

3. Brighter Super Accum – Balanced: an improvement of 10.6 pcs

4. UniSuper Accum (1) – Balanced: an improvement of 10.3 pcs

5. Equip MyFuture – Balanced Progression: an improvement of 10.1 pcs

6. Australian Retirement Trust – Super Savings – Balanced: 10 pieces

7. IOOF Super Core Employer – IOOF MultiSeries 70: an improvement of 9.8 pcs

8. Mindful Super Future Saver – Balanced: an improvement of 9.7 pcs

9. Mercer Super Trust – Growth of Mercer Select: an improvement of 9.6 pcs

ten. HESTA – balanced progress: an improvement of 9.6 pcs