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Hope of positive superannuation outcomes in 2012
Superannuation funds rating agency SuperRatings has warned that the worst is far from over despite a strong January in which the median balanced fund returned 2.28 per cent.
In an analysis issued with the January ratings, SuperRatings managing director Jeff Bresnahan said that with Europe still facing significant growth and debt issues, there was no doubt that markets, and therefore superannuation fund performance, would continue to face headwinds for the rest of the year and experience continued volatility.
However he said that while considerable downside risks remained, a recovery in sentiment and a greater focus on fundamentals was noticeable and had been building gradually.
"While markets and superannuation fund performance may not surge in 2012, it does provide encouragement that members may see their super account balances grow this year," Bresnahan said.
AUTHOR
Mike Taylor
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