âRemarkableâ super fund growth despite tech wreck Super funds notched up another month of solid growth in February but members should still prepare for a âbumpyâ ride ahead.
Money by Cliona OâDowd
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Subscriber only Super funds notched up another positive month in February, with the median growth fund returning 0.9 per cent and pushing the cumulative return for the past 12 months close to 20 per cent, according to Chant West. February s return was dampened by the global tech wreck that hit equity markets in the second half of the month, with the 0.9 per cent final figure well below the 2.5 per cent gain the research house estimated funds had achieved midway through the month.
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Remarkable super fund growth despite tech wreck
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Hennessy said they were looking forward to working with the Zenith team on expanding their offering and its availability to varying clients.
Wright said they had known Hennessy for some time and recognised his unique skills and those of the team in developing and executing on strategic and tactical asset allocation strategies.
“They’ll be an excellent complement to the current suite of services offered to our broadening client base,” Wright said.
He also stressed that since Zenith’s acquisition of Chant West in mid-2020, the business had continued to explore opportunities to expand their service offering for clients, across the wealth management and superannuation markets.