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Super funds continue their march higher We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement The remarkable bounce-back in superannuation fund returns from last year’s COVID-19 induced plunge continues, with a typical super fund “balanced” investment option growing by 19.3 per cent in the year ended March 31. Fund researcher SuperRatings figures show that balanced funds, where most working people have their retirement nest-eggs invested, returned 2 per cent in March. That is the 12th consecutive month of positive returns si...

Superannuation funds snap back after testing year We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement Superannuation funds produced an average return of 3.7 per cent last year – a much better result than expected after investment markets were savaged by the economic shock of COVID-19. Mano Mohankumar, senior investment research manager at Chant West, says: “If we take ourselves back to late March, the prospect of finishing the year up 3.7 per cent would’ve been inconceivable. The Australian sharemarket plunged almost 40 pe...