Fundtype and assetband level The performance divide between forprofit and notforprofit funds is also evident when analysis is done at the fundtype and assetband level. For most option types, notforprofit products beat their assetband tailored BPs, while retail (forprofit) products fall below all BPs in all assetbands (figure 4.16). This result is relatively unaffected by alterations to the tax rate applied to the BPs (table 4.21). Figure 4.16 Asset band fund type segments a,c – Benchmark adjusted for asset allocation, 2005–2016 a for stands for stands for Public Sector and stands for Retail. ‘C’ stands Corporate, ‘I’ Industry, ‘P’ ‘R’ b These coverage estimates are likely to be overestimates due to the estimation method (section 4.1). c Net returns are estimated less investment fees, taxes and implicit asset based administration fees. This means that some options may be reported gross of asset based administration fees.
Fundtype and assetband level The performance divide between forprofit and notforprofit funds is also evident when analysis is done at the fundtype and assetband level. For most option types, notforprofit products beat their assetband tailored BPs, while retail (forprofit) products fall below all BPs in all assetbands (figure 4.16). This result is relatively unaffected by alterations to the tax rate applied to the BPs (table 4.21). Figure 4.16 Asset band – fund type segments a,c Benchmark adjusted for asset allocation, 2005–2016 a ‘C’ stands for Corporate, ‘I’ stands for Industry, ‘P’ stands for Public Sector and ‘R’ stands for Retail. b These coverage estimates are likely to be overestimates due to the estimation method (section 4.1). c Net returns are estimated less investment fees, taxes and implicit asset based administration fees. This means that some options may be reported gross of asset based administration fees.
superannuation-assessment-draft-supplement4.docx