Master trusts have outperformed industry funds again, according to the latest research from Chant West.
Chant West's July survey found that master trusts outperformed industry funds for the thirteenth time in the past 17 months, on the back of the strong performance of listed markets.
Industry funds on average posted an 8.1 per cent return over the past year, compared with master trusts which posted a 9.8 per cent return.
Industry funds have, however, performed better than master trusts over the long term.
"Over the long term, however, industry funds continued to hold the advantage, outperforming industry funds by 1.3 per cent per annum over the 10 years to the end of July 2010," the report said.
Overall, the report found that the median growth superannuation fund delivered a 2.2 per cent return in July despite the tough global economy.
"The July result was on the back of strong sharemarkets here and overseas, which are the main drivers of growth fund performance," Chant West director Warren Chant said.
Chant said growth funds will still need a further 13 per cent return to get back to the pre-global financial crisis levels of late October 2007.
