Super returns head north
After two consecutive years in negative territory, Australian superannuation fund returns appear set to end the year in positive double digits, according to the latest data released by Sydney-based ratings house Super Ratings.
According to the Super Ratings data, with only three months remaining in the 2010 financial year and with the Australian share market continuing as a drive force, returns might end the 12-month period as high as 14 per cent.
However, this followed the negative 6.4 per cent recorded in 2008 and the negative 12.9 per cent recorded last year.
The Super Ratings data revealed that returns for the median balanced option improved by 2.90 per cent in March, by 1.62 per cent in the March quarter and by 13.95 per cent for the 12 months to the end of March.
AUTHOR
Mike Taylor
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