Median balanced super funds return 0.4%
Superannuation funds started 2021 modestly with the median balanced option and median growth option both returning 0.4% in January, according to SuperRatings.
SuperRatings data also found the median capital stable option was at 0.1% for the month, while the median balanced pension option returned 0.3%, the median pension growth option returned 0.4%, and the median capital stable option returned 0.1%.
January’s result marked the 10th consecutive month of gains for funds.
Super Ratings executive director, Kirby Rappell, said: “Super funds have had a promising start to 2021, but the pandemic isn’t over yet.
“Movements in financial markets are still closely tied to how governments are managing new COVID-19 cases, as well as the timing and efficacy of vaccines. In short, we expect more ups and downs in the market, and super funds are not immune.”
Rappell said that funds were focused on the risks and opportunities that lay ahead and to date they had shown their ability to manage their investment positions and provide the additional support to members.
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