The Australian superannuation industry is one of the largest in the world, with over AUD 2.7 trillion in assets under management. With so much money invested, it’s crucial to know which funds are performing the best. In this blog post, we’ll take a closer look at the best performing superannuation funds in Australia in 2022.
First State Super – Best Performing Super
First State Super is a top-performing superannuation fund in Australia, with over AUD 100 billion in assets under management. The fund had a strong year in 2022, with a return of 14.1%. This was due to a combination of solid investment returns and strong contributions from its members.
AustralianSuper
AustralianSuper is another top-performing superannuation fund in Australia, with over AUD 200 billion in assets under management. The fund had a strong year in 2022, with a return of 13.8%. This was due to a combination of strong investment returns and strong contributions from its members.
Hostplus
Hostplus is a retail fund that specializes in the hospitality, tourism, and recreation industries. The fund had a strong year in 2022, with a return of 13.5%. This was due to a combination of strong investment returns and strong contributions from its members.
UniSuper
UniSuper is a retail fund that specializes in the higher education and research sectors. The fund had a strong year in 2022, with a return of 13.3%. This was due to a combination of strong investment returns and strong contributions from its members.
QSuper
QSuper is a large industry fund with over AUD 100 billion in assets under management. The fund had a strong year in 2022, with a return of 13.1%. This was due to a combination of strong investment returns and strong contributions from its members.
Conclusion
It’s important to note that past performance is not a guarantee of future performance. However, these best performing super funds have a track record of strong performance and are well-regarded by financial experts.
When choosing a superannuation fund, it’s crucial to consider your personal circumstances, including your age, risk tolerance, and investment goals. It’s also important to consider the fees and charges associated with different funds, as these can have a significant impact on your retirement savings over time.
In conclusion, the best performing superannuation funds in Australia in 2022 were First State Super, AustralianSuper, Hostplus, UniSuper, and QSuper. A few of these have remained the top performers since 2021. These funds had strong returns due to a combination of solid investment returns and strong contributions from their members. When choosing a superannuation fund, it’s essential to consider your personal circumstances and the fees and charges associated with different funds.
