With sharemarkets such as Australia’s and many developed-country markets, trading at or near record highs, returns could pull back.
The typical super balanced investment option has maintained momentum following last year’s bumper return of 9.6 per cent, with a return of 1.8 per cent in February, following a return of 1.1 per cent in January.
He is expecting a continuing rising trend this year in shares; though share prices remain vulnerable to a correction, or at least a period of consolidation. Balanced options in the accumulation phase have produced an average annual compound return of 7 per cent over the 10 years to the end of February, and 6.7 per cent over 5 years.
Those closer to accessing their super should exercise a bit more caution, and should consult their super fund or financial adviser, Lowen says.
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