Super year ahead
Shane Oliver
Australian superannuation funds are expected to deliver another year of strong performance on the back of three years of double-digit returns, according to AMP Capital Investors head of investment strategy and chief economist Shane Oliver.
Oliver predicts the market will be driven by continuing good inflows into global share markets combined with solid profit growth.
He also believes the top of the market is yet to be reached.
His comments follow the good results experienced by both the AMP Capital Balanced Growth Fund and the AMP Capital Conservative (Diversified) Fund, which each provided strong returns for investors due to overweight positions relative to benchmark in direct and listed property and Australian and international shares.
In 2006, global listed property securities achieved a return of 39.3 per cent, with Australian listed property trusts returning 34 per cent and unlisted non-residential property achieving a return of 17.5 per cent.
In 2006, Australian shares achieved a return of 24.2 per cent while international shares returned 11.5 per cent in Australian dollars.
Oliver says he expects a similar level of strength to continue throughout 2007.
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