I quite like this model, because it delivers something that you can understand. But McKeand doesn’t let it just run by itself. The Fund isn’t linked to any specific industry, which means anyone working in Australia can join, whatever you do for a job. Is Nestle the number one or two in the chocolate markets? AustralianSuper took the top spot, with its balanced product returning 10.3 per cent, followed by Care Balanced, Austsafe Balanced, REST Diversified and VicSuper Growth. It takes a long-term view with an emphasis on quality-style companies. Here we list the 20 largest super funds in Australia so that you can benchmark your own fund. AustralianSuper has been named as one of the best performing super funds by leading independent agency SuperRatings for both superannuation and account-based pension members. how much you’ll have when you retire. “And that involves things like being able to take more data, clean it, process it efficiently, build efficient portfolios, all those steps in a quant process we will be putting more resources towards, because we know we are going to put more money in those strategies. “For example, we use the HHI (Herfindahl-Hirschman Index), which is a measure of how concentrated the market is that you are looking into. You don’t quite know what you are getting. After the algorithm has finished its job, the team sifts through the results and looks at whether there are any companies that simply don’t make sense, in other words, they look for false positives. We’re honoured to be Australia’s most trusted super fund eight years running4. Factors such as long-term performance and competitive fees are key points reviewed by SuperRatings, and can make a big difference to your retirement balance. It’s free to use and provided by independent superannuation research firm Chant West. If the same member had been with AustralianSuper for only the previous 5 or 10 years, the net benefit would also be higher relative to averages for all super funds and retail super funds. The net benefit is the investment return, after fees and taxes have been deducted. It’s easy to see the different a top performing fund could make. Among the 20 biggest pension funds in the world, the average rate of AUM growth was 7.1 per cent. There are 3 main types of superannuation funds, including industry funds and retail funds. The Balanced option outperformed the median fund in the SuperRatings This information may be general financial advice which doesn’t take into account your personal objectives, situation or needs. survey for super (+1.34%) and the account based pension product Choice Income Readers Digest Most Trusted Brands – Superannuation category winner for eight years running 2013-2020 according to research conducted by independent research agency Catalyst Research. Can we find companies in today’s markets that have characteristics which are similar to previous success stories? “It was the best performing portfolio in the equity construct last year,” he says. Ratings are only one factor to be taken into account when choosing a super fund. According to the Association of Superannuation Funds of Australia (ASFA), there were $2.3 trillion in assets under management as of June 2017. He doesn’t expect to add any more quantitative strategies to the lineup. Investment returns are not guaranteed. Retail super funds. Total & Permanent Disablement (TPD) cover, READ MORE: SMSF WHAT YOU NEED TO CONSIDER, Net benefit and why its important to your super. AustralianSuper is an industry super fund, and is Australia’s largest super fund, with over 2 million members. On this page you can find a list of all super funds that are regulated by APRA. Quant skills can even be used in fundamental teams to help improve efficiency and insights, and help to make the job easier,” he says. Returns are updated daily for all AustralianSuper investment options. “We are always kicking the tyres; we are not leaving it as a black box,” McKeand says. The totals show what a member with a $50,000 annual salary would have for 5, 10 and 15 years to 30 June 2019, after fees and taxes, in addition to their $50,000 starting balance and employer contributions. But where it differs from the fundamental approach taken by its analysts is that it looks for situations where history rhymes. Top performing for the 3, 5, 7 and 10 years to 30 June 2020, based on returns for the AustralianSuper Balanced investment option compared to the SuperRatings Fund Crediting Rate Survey — SR50 Balanced (60–76) Index and the AustralianSuper Choice Income Account – Balanced investment option compared to the SuperRatings Pension Fund Crediting Rate Survey — SRP50 Balanced (60–76) Index. “The need for quantitative skills is definitely going to increase for us from here. Yet, the need for people with deep knowledge of quantitative techniques is likely to remain high, McKeand argues. You bet it is. They were originally started by trade unions and employer associations, as a joint enterprise to ensure Australians had money set aside for retirement. We noticed that you have JavaScript disabled on your web browser. Past performance alone is not always the most reliable indicator of future performance, nor is it the sole factor to look at to see how well a fund performs. They delivered returns of 9.9 per cent, 9.8 per cent, 9.7 per cent and 9.6 per cent, respectively. When choosing a super fund or reviewing your currant fund, be sure to look at looking the net benefit. By fostering interactive dialogues, encouraging debates and peer-to-peer sharing, [i3] creates an environment for investors to re-visit fundamental beliefs, challenge existing norms as well as embrace new ideas. “It comes up with a very concentrated portfolio of 30 to 35 names,” he says. This is essentially every fund except for SMSFs and small APRA funds. The strategy started small, but has been performing so well that is now almost a core strategy. ABN 14 855 853 416 | © 2020 Investment Innovation Institute | Website by RedCloudDigital, AustralianSuper first dipped its toe into the, “We start off with a premise that we are looking for stocks that are high quality, that are large caps, typically they are the number one or two in their markets, they have good returns on capital and they’ve got a business moat, a highly defensible business model,” Innes McKeand, Head of Equities at, More recently, AustralianSuper has started another quantitative strategy, which is more of a traditional, Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Facebook (Opens in new window), AustralianSuper Scales up Machine Learning, VFMC Appoints Head of Portfolio Management. [i3] Insights is the official educational bulletin of the Investment Innovation Institute [i3]. (+1.33%) over 10 years to 30 June 2020. Once quite common, many have now closed. But where it differs from the fundamental approach taken by its analysts is that it looks for situations where history rhymes. Retail super funds are commonly run by financial institutions, such as banks, and wealth management companies. I know the kind of businesses it should find, whereas a complete black box is very difficult to penetrate. To get the best experience from our website, we recommend that you enable JavaScript. That will show through an HHI index, but is not necessarily something that you can get through Bloomberg, nor is it web scraping, or some other form of new data. AustralianSuper has a total of 2.2 Million members as at 30 June 2020. McKeand is hesitant to say exactly how much they run in the strategy, but is comfortable disclosing that it is somewhere between $5 – 10 billion. We noticed that you have JavaScript disabled on your web browser. Ready to choose a super fund? We are looking for 25 different dimensions, broadly captured by those headline issues and we are trying to find the nearest statistical neighbour in the current market place, using prior examples. More recently, AustralianSuper has started another quantitative strategy, which is more of a traditional factor model, targeting value-style companies. AustralianSuper first dipped its toe into the machine learning pond two years ago, trying to codify a strategy that echoed the internal team’s investment philosophy. As ‘profit to member’ organisations, industry super funds have historically delivered a higher net benefit to members, (illustrated in the chart below). I think we want to keep everything as simple as possible,” he says. “So we will definitely have more resources and pay more attention to building up our quant team and processes.
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