SUPER FUNDS POST GAINS IN FEBRUARY

20/03/2017

Together with a small negative return in January, it has been a modest start to 2017, lower than what might be implied from recent market movements, including the continued reaction from equity markets to President Trump’s policies.

“What we have seen so far in 2017 is some stability in superannuation returns following what was potentially a bit of hype at the end of 2016,” said SuperRatings Chairman Jeff Bresnahan. “Investors do not want to see markets getting too carried away, especially when there is still a fair amount of political and economic uncertainty globally.”

While the start of 2017 has proved relatively subdued, the 12-month return for the median balanced option moved higher in February, reaching 11.3% – the highest since April 2015 – while the five-year return remains above 9.0% p.a.

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SUPER FUNDS POST GAINS IN FEBRUARY

March 20th 2017

Despite strong gains in local and global share markets in February, superannuation funds have delivered more moderate performance, with the median balanced option posting a return of 1.1%.