Superannuation returns stay positive
Superannuation fund returns are continuing their solid run, according to the latest data released by Chant West.
Chant West principal Warren Chant said the median growth fund return increased 1.5 per cent in September, generating a healthy 4.3 per cent for the quarter.
Chant attributed the growth to strong performances from growth assets, particularly listed markets, and said the September result was the eighth positive month in the past nine.
He said investors seemed to be convinced that, despite a slowdown in the pace of growth, the global economy was making a reasonable recovery following the global financial crisis and that better lay ahead.
Chant said shares and listed property had been the stand-out performers and that retail master trusts, with their higher allocation to listed shares and listed property, had outperformed industry funds over the quarter, returning 4.9 per cent versus 4.2 per cent.
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