Australia’s super funds have had a positive start to 2023. The median balanced superannuation option delivered a return of 3. 0 per cent in January, according to new estimates released by research
Australian retirement savings have had the worst year since the Global Financial Crisis in 2008 with 18 of the 20 best performing superannuation funds suffering a loss in 2022.
The average balanced super fund option lost almost 5 per cent, with only two being able to boast a positive return for the year, according to research from Super Ratings. Only one option returned above 1 per cent – from a retail firm – but over a longer period the data backs industry funds.
SuperRatings has released its analysis of super fund performance in the year gone by. The Perpetual Balanced Growth Fund returned 1. 7 per cent over the 2022 calendar year, according to SuperRatings