Superannuation funds return to pre-GFC levels
Superannuation funds have finally hauled back the losses incurred during the global financial crisis, according to the latest data released by specialist ratings house SuperRatings.
In new data released this week, SuperRatings founder Jeff Bresnahan claimed Australian super funds were now "in-line" with their pre-GFC peak of October, 2007.
"It has been a long time in the making but a strong September quarter, where the median Balanced fund returned 4.3 per cent, provided the impetus to reach this milestone," he said.
Bresnahan said that in calendar year-to-date terms, the median balanced option had risen by 8.2 per cent, with the best-performing funds returning close to 10 per cent in the past nine months.
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