Super returns make solid start to 2013/14
Australian superannuation funds have moved into the new financial year in positive territory, according to the latest analysis from specialist research house SuperRatings.
According to the new data, the median balanced option recorded a 3 per cent gain in July, representing a solid rebound from a 0.6 per cent decline in June.
SuperRatings head Jeff Bresnahan said this had taken the median return over the past 12 months to 17 per cent.
He said growth assets had once again proved the strongest drivers of returns in July, with domestic and international equity markets in particular performing well.
The median superannuation Australian Shares option returned 4.8 per cent, compared to a 5.2 per cent gain in the S&P/ASX 200 Accumulation Index.
SuperRatings said the decline in the Australian dollar had buoyed returns from international markets, with the median superannuation International Shares option returning 5.8 per cent for the month.
Originally published by SMSF Essentials.
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