Super funds continue their march higher
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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 since the big losses of February and March of last year, when sharemarkets around the world crashed in the wake of the biggest economic slump in almost a century.