Shares and currency push strong August super returns

18 September 2018
| By Hannah |
image
image
expand image

Superannuation funds have continued their solid start to the new financial year, with the median growth fund backing up returns of 1.1 per cent in July with a further one per cent gain in August, according to data from Chant West.

This result largely stemmed from the continued strength of listed share markets and from currency markets. Australian shares were up 1.4 per cent for the month and international shares gained 1.3 and 4.1 per cent in hedged and unhedged terms, respectively.

Considering that the average super fund has about 70 per cent of its international shares exposure unhedged, that latter number is significant.

Listed property also delivered for investors, with Australian and international REITs gaining 2.6 and 1.2 per cent, respectively.

The research also found that a “meaningful” number of retail fund default members are now in lifecycle products, with a third of MySuper default money now being in the product. The performance of the lifecycle cohort is in the table below.

Median Retail MySuper Lifecycle Cohort Performance (results to 31 August, 2018)

Read more about:

AUTHOR

Add new comment

The content of this field is kept private and will not be shown publicly.

Recommended for you

sidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

4 months ago
Kevin Gorman

Super director remuneration ...

4 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

4 months ago

The Association of Superannuation Funds of Australia has appointed a new director representing industry funds, among a number of other appointments in recent months....

1 day 19 hours ago

The asset manager is bolstering its investments in the global energy transition and climate opportunities....

1 day 2 hours hence

The ethical investment manager has reported record FUM as its growth trajectory continues apace....

2 days 20 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND