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Outstanding investment performance in 2022 means a brighter future for you

22 February 2023

We are striving to live up to our new name with three of our investment options performing in the top three in their class nationally for the financial year to date (as at 31 December 2022) and well above the industry median.

The ranking information is from data collated by the independent agency SuperRatings, which analyses and rates more than 1,900 different superannuation offerings.

Brighter Super’s top ranked investment options in the SuperRatings SR50* Index, which rates the top 50 funds in Australia by size, are listed below. These options are for Accumulation accounts.

At number two is Brighter Super’s default MySuper option with a 4.1% return.  This was also the option that was judged by Money magazine to be the Best-Value MySuper Product for 2023 in their ‘Best of the Best’ awards. The chart below from SuperRatings shows this performance in comparison to other well-known funds in the top 50:

Brighter Super Chief Investment Officer Mark Rider said, “More than 50% of Brighter Super members are invested in this option, and it’s a real benchmark for everything we do.” 

The results came despite a year where inflation and interest rate changes had impacted the pace of economic growth and the performance of the superannuation industry as a whole.

“The Brighter Super portfolio has coped extremely well with the market volatility,” Mr Rider said.  

“The merger of LGIAsuper and Energy Super came at an opportune time as it enabled us to restructure the Fund’s investments for the period ahead. We were able to combine the best of both funds, resulting in a well balanced portfolio of assets with a key focus on risk. Our significant property and infrastructure holdings have been a good hedge against inflation, and our unlisted holdings in these sectors performed particularly well. There is a lot of work that goes in behind the scenes to make sure that our portfolio is diversified and able to withstand volatility as much as possible.”

Mr Rider said the fund’s investment strategy for the past year had been disciplined and tight, not making any big bets as funds were integrated from LGIAsuper and Energy Super.

Mr Rider said the migration of Energy Super funds to Brighter Super had enabled the merged fund to operate with greater scale. With the acquisition of Suncorp’s superannuation business, the group has almost $30 billion under management.  

“With that scale, we have also secured the talented skills of some of the country’s top investment experts and built up a specialist team to best manage the fund,” Mr Rider said.  

Mr Rider said the final integration of Suncorp Super was expected to add more liquidity to the fund over the next year, opening up the opportunity to build and position the combined fund for the years ahead.
 
Brighter Super has the 14th largest MySuper fund on the SR50 MySuper Index with a current total investment pool of over $10.5 billion.   

“Although size is important, it’s equally important to be agile, and to constantly look to the future with our portfolio,” Mr Rider said.   

“The next year will likely continue to be challenging but with our long-term performance evidenced by 10 years of platinum ratings from SuperRatings for MySuper, we have a really solid approach to realising members’ retirement dreams.”

*SuperRatings SR50 MySuper Index Funds - financial year to date returns as at 31 December 2022

You should refer to respective research houses (and their disclaimers) to obtain further information about the meaning of the rating and the rating scale. Ratings are only one factor to be taken into account when deciding whether to invest. Ratings are subject to change without notice and may not be regularly updated. Ratings are current as at date of publication. Some previous ratings were awarded to the Fund under the LGIAsuper brand. Brighter Super pays a fee to some research houses for rating our funds.

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