Super returns start 2018 in positive territory

2017 proved to be another positive year for Australian superannuation funds, according to the latest analysis released by SuperRatings.

The specialist superannuation research and ratings house noted that superannuation funds looked set to finish a sixth consecutive calendar year of double-digit returns on the back of a reasonably strong December performance helped along by a late rally in Australian shares.

According to SuperRatings, the SR Balanced (60-76) Index, used to measure balanced super fund returns, was estimated to rise 0.6 per cent in December, bringing the annual return for 2017 to 10.5 per cent.

Related News:

It said Australian shares had been the main drivers of growth through December, offset by negative performance from global shares, which also comprised a significant proportion of most super fund portfolios.

Commenting on the findings, SuperRatings chief executive, Kirby Rappell said he believed investors would be starting 2018 on the front foot despite some of the challenges which had been experienced during the year.

“For Australian investors, it was a frustrating year in many respects, with the share market rallying in fits and starts. However, a falling Australian dollar in the latter part of the year did help boost returns for funds’ international share exposures,” he said.

Related Content

Young Australians start to accumulate super earlier

Super has become important for young Australians who tend to accumulate the funds earlier, according to an analysis of member data from QSuper.The dat...more

ASIC warns planners on death nomination practices

The Australian Securities and Investments Commission (ASIC) has put the financial advice sector on notice regarding the widespread practice of failing...more

SuperFriend releases Stay at and Return to Work guidance

SuperFriend has released a guide to assist life insurers in delivering best practice Stay at Work and Return to Work support for employers and employe...more



Add new comment