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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 per cent before recovering most of those losses. Credit:Mark Evans Back then, the world was in chaos, facing a frightening health crisis which saw most countries introduce some form of lockdown. Whole industries ground to a halt, countless jobs were lost and the global economy was heading rapidly into recession.

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