After many years of growth superannuation balances went backwards last year giving members a jolt.It was the first negative year since 2011 and the first really major decline since the shocking 21.5 per cent loss experienced in 2008 during the GFC.

With the average balanced fund (with 61 to 80 per cent growth assets) down 4.8 per cent by SuperRatings calculations and 4.6 per cent by Chant  West reckoning, per cent, a fund with $150,000 invested at the start of the year would have been worth $142,950 at year’s end.

But just because the benchmark was down at that level doesn’t mean everybody did that badly. SuperRatings list of top 10 performers shows that two funds, Perpetual Balanced Growth Fund- a retail fund, and First Super Balanced turned in positive results of 1.65 per cent and 0.08 per cent respectively.

The rest of the top 10 suffered losses of 3.64 per cent or less. That is a better performance than the Federal Government’s Future Fund which came in with a negative 3.7 per cent result and does not have the extra costs super funds incur in servicing 100s of thousands of members.

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