Australia’s super funds are expected to deliver double digit returns in 2017 marking the sixth consecutive year of growth.
2017 has proven to be another eventful year for investors, with some local market weakness during the year accompanied by a strengthening global outlook. In December, superannuation continues to deliver, helped along by a late rally from Australian shares.
According to SuperRatings, the SR Balanced (60-76) Index, used to measure balanced super fund returns, is estimated
to rise 0.6% in December, bringing the annual return for 2017 to 10.5%. Australian shares have been the main drivers of growth through December, offset by negative performance from global shares, which also comprise a significant proportion of most super fund portfolios.
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