Recent lower listed market returns are highlighting the performance gap between retail and not-for-profit superannuation funds, according to Rainmaker research.
In the month to 31 January, the Rainmaker SelectingSuper workplace default option MySuper Index showed a 2.3% loss, consistent with the 6.1% drop in Australian equity markets, which pulled the rolling 12-month annual performance to 1%.
This, the research noted, was the first time since June 2012 that rolling 12-month performance has fallen below 3%.
The research highlighted that periods of lower Australian equity returns tend to increase the performance gap between retail and not-for-profit funds.
In this case, there was an 180 basis point edge for NFPs over a 12-month period, with NFPs averaging 1.5% and retail funds averaging negative 0.3%.
The top-performing workplace funds included in the research for the 12 months to 31 December 2015 were MTAA Super (4.9%), BUSS(Q) MySuper (4.8%), Statewide Super (4.3%), Cbus (3.9%) and Hostplus (3.7%).