This release talks about the continuation of the market rally through December which has supported super fund returns.
Australia’s superannuation funds are on track to deliver double-digit returns for the 2017 calendar year, with share market gains through December pointing to a very merry Christmas for investors. According to SuperRatings, the SR Balanced (60-76) Index, used to measure balanced super fund returns, recorded a 1.3% rise in November, bringing the interim calendar year-to-date return to 9.9%.
“In a year dominated by political uncertainty, nothing managed to deter the global rally we’ve seen since the start of the year,” said SuperRatings CEO Kirby Rappell. “Australia’s super funds are on track to deliver double-digit gains, providing there is no late sell-off before Christmas.”
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