Experts say that despite a turbulent 2022, characterised by high inflation, rising interest rates and the war in Ukraine, most super funds have continued to hit their long-term objectives.
After one of the worst years for superannuation returns since the global financial crisis, uncertainty and volatility are set to continue to challenge investors and see balances bounce up and down in the year ahead.
The median growth option fell 4.6 per cent over the calendar year. The last time it ended in the red was in 2011 and prior to that, the GFC . Mohankumar said that last year had been unusual in that all traditional listed asset sectors except cash finished in the red. This was made more challenging by the fact that bonds didn’t play their usual cushioning role, he said.
“2023 will be hard-pressed to outdo the challenges that financial markets faced in 2022, however this year is unlikely to be a smooth ride for investors,” he said. “While the macro outlook will remain challenging, unlike 2022 there should be ample opportunity for investors this year – where and when remains the question.”
“But I think looking at those long-term returns is the real key to this, to understand just how well super funds have on the whole – certainly the quality performing funds – managed investment markets.”
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