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30 May 2018 (AFR) – Got less than $1m in assets? Forget a self-managed super fund

[COMMENT: Bah!! Humbug!!    We’ve heard a lot about superannuation and the Productivity Commission report, in recent days, including the so-called performance of funds, and fund performance comparisons. HOWEVER, there seems to be one key flaw in this reporting. The fund performance comparisons appear to be over a 10-year period – from 2009, the end of the market crash in the GFC. I am more interested in seeing the fund performances from a year or so BEFORE the onset of the GFC. How many of these funds will show a positive performance over the last 11 or 12 years?]

(30 May 2018, AFR, p1 and 4, by Joanna Mather)

Top funds by rolling 10-year return (%)

Top funds by rolling 10-year return (%)

‘Self-managed superannuation funds with less than $1 million in assets perform ‘significantly worse’ than institutional funds because investment returns are heavily eroded by the costs of running the fund. This raises the question of whether creating an SMSF is worth it for most investors.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

 

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