Latest Returns - October 2017

Super Funds Surge Higher in October.

Super Funds had a bumper October as the Australian sharemarket followed the world higher. The median SR50 Balanced option (with 60-76% of funds invested in growth assets such as equities) rose by a welcoming 2.3% across the month.

All asset classes produced positive returns with the SR50 Australian Shares Index the top performer, with median returns a strong 3.8%.

After months of lacklustre returns, the Australian sharemarket as measured by the ASX200 Index returned an impressive 4% in October led by the Information Technology and Energy Sectors. The stand out stock was Blackmores recording a 35% rise as sales to China boomed by 28%.

Overseas markets were also buoyant, with the US market gaining 4.7%. On the one year anniversary of President Trump’s election victory, the US market continued it’s rally as a higher than expected GDP result pushed markets higher.

Median superannuation fund Balanced Option returns as at 31 October 2017 are as follows:

Accumulation Returns
Month of October 2017+2.3%
Rolling 1 year return to 31 October 2017+12.3% pa
Rolling 3 year return to 31 October 2017+7.9% pa
Rolling 5 year return to 31 October 2017+9.7% pa
Rolling 7 year return to 31 October 2017+8.2% pa
Rolling 10 year return to 31 October 2017+4.8% pa

  • Median Balanced Option refers to "balanced" options with exposure to growth style assets of between 60%-76%. Approximately 70% to 80% of Australians in our major super funds are invested in their funds' default investment option which in most cases is the balanced investment option. All returns are expressed net of all fees and taxes.