SMSFs outperform MySuper funds for FY 2018
In the past 12 months, the SMSF sector as a whole achieved higher investment returns compared with the MySuper products, according to an industry index.
The latest indices compiled by superannuation consultant Superguard 360 indicate that before fees and tax, the 12-month return for the SMSF sector as a whole, as represented by the SG360 SMSF Reference Index, was around 9.7 per cent in the 12 months to 30 June 2018.
The SG360 Default Index, which represents the returns of default MySuper products, generated a 9 per cent return over the 12 months.
Over three years, the returns of the reference index and the default index were similar, with the reference index returning 7.4 per cent compared with the default index, which returned 7.3 per cent per annum.
Over a five-year period, the default index is slightly ahead, generating a return of 8.8 per cent per annum versus the reference index at 7.7 per cent.
Miranda Brownlee
Miranda Brownlee is the deputy editor of SMSF Adviser, which is the leading source of news, strategy and educational content for professionals working in the SMSF sector.
Since joining the team in 2014, Miranda has been responsible for breaking some of the biggest superannuation stories in Australia, and has reported extensively on technical strategy and legislative updates.
Miranda also has broad business and financial services reporting experience, having written for titles including Investor Daily, ifa and Accountants Daily.
