Listed shares drive super funds

19 October 2017
| By Jassmyn |
image
image
expand image

The medium growth superannuation fund (61 to 80 per cent growth assets) gained 1.5 per cent over the September quarter thanks to the listed shares market driving growth, according to Chant West.

Chant West’s latest report found that Australian shares provided a 0.8 per cent return for the quarter and international shares four per cent on a hedged basis. However, the appreciation of the Australian dollar to US$0.78 reduced this to 2.5 per cent in unhedged terms.

Chant West director, Warren Chant, said While most of the major listed markets had share prices that moved higher in recent months, Australia had been slower than most in the upward trend. He said the other main laggard was the UK, still beset by Brexit’s uncertain ramifications.

The medium growth fund returned 9.1 per cent over the year to 30 September 2017, 9.7 over five years, and 4.9 per cent over 10 years.

The report also found that industry funds outperformed retail funds in September at one per cent compared to 0.7 per cent. 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

11 months ago
Kevin Gorman

Super director remuneration ...

11 months 1 week ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

11 months 1 week ago

Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Co...

1 day 3 hours ago

Demand from institutional investors was the main driver of growth in Australia’s responsible investment (RI) market in 2023, as the industry continued to gain momentum....

1 day 3 hours ago

In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges....

1 day 4 hours ago