Superannuation funds experienced a dip in value in August due to global market volatility, resulting in a 0.1 per cent decline in returns on balanced funds. Research from SuperRatings revealed that the median growth option decreased by approximately 0.3 per cent. Conversely, a lower share exposure meant that the median capital stable option yielded a 0.1 per cent return. Despite the setback in August, the average fund commenced the new fiscal year on a strong note, surging by 1.5 per cent in July. This means that, on the whole, superannuation funds have remained positive for the year - currently, Australians have invested over AUD 3.5 trillion in superannuation.
Superannuation funds experienced a dip in value in August due to global market volatility, resulting in a 0.1 per cent decline in returns on balanced funds.
Research from SuperRatings revealed that the median growth option decreased by approximately 0.3 per cent. Conversely, a lower share exposure meant that the median capital stable option yielded a 0.1 per cent return. Despite the setback in August, the average fund commenced the new fiscal year on a strong note, surging by 1.5 per cent in July.
This means that, on the whole, superannuation funds have remained positive for the year - currently, Australians have invested over AUD 3.5 trillion in superannuation.
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