Median balanced super funds returned 4.9% in Nov
The median balanced superannuation fund returned the strongest in November at 4.9%, according to SuperRatings data.
The research house found since the start of the year, the median balanced option returned 2.3% and was on track to finish the year in positive territory.
The median growth option returned around 6.2% in November, and 2.4% over the calendar year, and the median capital stable option returned an estimated 2% in November and 1.7% over the calendar year.
The median balanced pension option was up 5.4% in November and 2.6% over the calendar year, the median pension growth option rose 6.8% in November and 2.6% since the start of the year, and the median capital stable pension option returned 2.3% in November and 2% over the calendar year.
SuperRatings executive director, Kirby Rappell, said: “Given the world is battling a pandemic that has resulted in large sections of the economy being placed in lockdown, the results are remarkable. This is the year super proved its worth once again and reminded us why it is so critical to our economic success.
“The global recovery is underway and is looking sufficiently V-shaped, but recent economic news has been mixed. Infection rates have risen in the US and Europe, causing a loss of momentum, but news of successful vaccine trials have boosted confidence.”
Rappell noted that members should be optimistic but prepare themselves for potential surprises in 2021.
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