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Super returns positive to kick off 2024

Mike Taylor12 February 2024
Rising arrow above super

Australian superannuation fund returns have kicked off 2024 in positive territory with the median balanced option generating a return of 1.1% in January, according to the latest analysis from SuperRatings.

The positive return in January followed the end of year rally noted in December.

SuperRatings noted that the median growth option increased by an estimated 1.3% in January while the median capital stable option delivered a modest 0.5%.

The positive January return has seen the ratings house estimate the financial return to date to be 4.9%.

Commenting on the data, SuperRatings executive director, Kirby Rappell said funds had  continued to capitalise on the strong momentum in markets as they entered 2024.

“While returns so far are looking more modest than last year’s strong rebound, super funds remain well positioned to deliver a good result to members in the face of ongoing uncertainty,” he said.

“With continued ups and downs expected, we encourage members to remain focused on long term performance.”

SuperRatings returns

Mike Taylor

Mike Taylor

Managing Editor/Publisher, Financial Newswire

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