The median balanced option for superannuation funds generated a return of 2.6% in November, according to SuperRatings.
This was down from 3% in October.
The median growth option increased by an estimated 3.2% in November, while the median capital stable option which had less exposure to share markets delivered a smaller positive result, with a rise of 1.6%.
Pension returns also rose in November, with the median balanced pension option up an estimated 3%. An increase of 3.4% was estimated for the median growth option and 1.8% for the median capital stable pension option.
Super Ratings said this had been driven by improvements in equity market sentiment.
Kirby Rappell, executive director of SuperRatings, said: “While inflation remains elevated, some improvement in equity market sentiment helped funds to regain some of the losses from the beginning of the financial year.
“Uncertainty remains however, as people prepare for the Christmas purchasing season, and members should expect to continue to see their super balances bouncing up and down over the coming months.”
He encouraged super fund members to review their super at the end of the year with a focus on their risk tolerance.
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