Super returns down again
Australian superannuation fund members started the new financial year in negative territory, according to the latest data released by Sydney-based ratings house SuperRatings.
The data, released today, revealed that the median balanced investment option posted a 1.1 per cent loss for the month, taking the rolling 12-month return down to minus 6.7 per cent.
According to SuperRatings, Australian equities were the main culprit in July, declining by over 5 per cent.
SuperRatings pointed out that despite all the doom and gloom, the better funds had still delivered over 10 per cent a year to investors over the last five years.
AUTHOR
Mike Taylor
Recommended for you
The inquiry into the collapse of Dixon Advisory and broader wealth management companies by the Senate economics references committee will not be re-adopted.
After seven weeks of strong growth, Wealth Data analysis shows financial adviser gains are now tapering off and returning to a regular pace.
Count chief executive Hugh Humphrey has said FY25 was a “milestone year” for the business as it completed its Diverger integration, exceeding targets with $5.1 million in cost synergies.
US wealth manager Focus Financial Partners, which includes Australia’s Escala Partners, has appointed a chief strategy officer to fuel further Australian growth.
