SUPER FUNDS POST GAINS IN FEBRUARY.
Australians enjoyed a healthy boost in superannuation fund returns in February, although gains were not as impressive as movements in equity markets.
“What we have seen so far in 2017 is some stability in superannuation returns following what was potentially a bit of hype at the end of 2016,” said SuperRatings Chairman Jeff Bresnahan. “Investors do not want to see markets getting too carried away, especially when there is still a fair amount of political and economic uncertainty globally.”
Median superannuation fund Balanced Option returns as at 28 February 2017 are as follows:
|The Month of February 2017||+1.1%|
|Financial Year return to 28 February 2017||+6.7% pa|
|Rolling 1 year return to 28 February 2017||+11.3% pa|
|Rolling 3 year return to 28 February 2017||+7.0% pa|
|Rolling 5 year return to 28 February 2017||+9.2% pa|
|Rolling 7 year return to 28 February 2017||+7.9% pa|
|Rolling 10 year return to 28 February 2017||+5.1% pa|