I know this is probably a poor first post to this forum (this is a stock forum after all), but its an important question for me and if anyone would know the answer its probably people here .
Specifically regarding super funds, it seems that they have an exceptionally poor return rate. I downloaded the excel sheet that the government did on super fund returns, and maybe 15-20% of the top 200 actually posted a positive profit over the 3 year period. I understand that there was a GFC, but plenty of people saw it coming, and ^80% of the fund managers apparently didn't.
Currently the fund I am with (Hesta) has the hilarious characteristic that cash gets a better return than the claimed 'high-risk, high-return' shares and private equity. I would rather move the money into a fund that knows what it is doing.
So are there any 'good' super funds which people here like and are comfortable with there money in?
Also, as I am fairly young and know little about super, does it have to be sent to a fund specifically calling itself 'super'? Could you, for instance, have the super money sent into an ETF, or some kind of special fund that (for a random example) invests only in bananas? Or even better, are there super-funds that simply track an index of some variety (so there is less management fee)?