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Growth super funds experience 11 months of growth

Growth super funds experience 11 months of growth
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Super funds experience 11 months of growth

The cumulative return for the first two months of the financial year was 2.8% thanks to listed share performance, according to Chant West.

August was another strong month of growth for Aussie super funds

A strong showing by the ASX continued to aid Australia’s super sector in August. The strong market growth seen at the start of the new financial year has continued this month, with Australian supe

Solid FY21 start for median growth super funds

Domestic and global shares and bonds boosted the median growth superannuation fund during July, and the cumulative return since the COVID-19 sell-off in March 2020 is now at 27%, according to Chant West.

Super funds report best returns in 24 years

All Growth super funds returned 26.7% while, at the other end of the spectrum, investors in conservative super fund saw returns of 7.9%.  The top-performing fund was Mine Super Growth which returned 22.6% followed by CFS FirstChoice Growth which returned 21.7%. Chant West said funds which did well tended to be those which had higher allocations to international shares and low allocations to bonds and cash.   “An 18% return would have been inconceivable a year ago and represents a welcome reward for fund members who held their nerve and remained patient through the depths of the COVID-induced market crisis,” Mano Mohankumar, Chant West senior investment research manager, said. 

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