Super returns mark seventh consecutive month in the green

The latest data from superannuation research house, SuperRatings, is pointing towards yet another month of positive returns for super members fuelled by continued strong international equities performance.
For the month of October, SuperRatings said it estimates the median balanced super option returned 1.3 per cent, with the median growth option generating returns of 1.4 per cent and the median capital stable option returning 0.8 per cent.
Pension options also recorded strong returns during the month, ranging from 1.5 per cent for the median growth pension option to 0.9 per cent for the median capital stable pension option, with the median balanced pension option also returning 1.4 per cent.
The data also confirmed that this year’s results, where the first four months of the financial year have made positive returns, have only been seen five other times in the past 25 years.
“Share markets continued to remain optimistic over October driving a good return for the month,” Kirby Rappell, Director of SuperRatings, said.
“While international shares remain the key driver, Australian shares had a better month, and outcomes were positive across key asset classes.”
“November brought the second consecutive month of interest rates being left on hold by the Reserve Bank of Australia with inflation sitting higher than anticipated.
“Geopolitical tensions continue to create the potential for market shocks meaning we may see some more bumps in the road over the coming months.
“However, funds have had a strong start to the financial year and returns remain well above objectives over the long term.
“We encourage members to review any changes with their long-term strategy in mind and seek advice if they are unsure how to maximise their final retirement outcomes.”









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