POWERED BY MOMENTUM MEDIA
Super fund members to face more volatility
The continuing volatility of global share markets is going to be an ongoing concern for super fund members, particularly for those edging retirement, according to Dixon Advisory.
Head of advice, Nerida Cole, said while it’s important to not make “knee jerk reactions” to volatility, members should still look at how their investments are holding up against the environment, and decide which investments they want going forward.
Cole said despite initial positive signals that a ceasefire had been agreed upon between China and the US, global markets have continued to be wary.
“Although the 90-day tariff ceasefire sounds good, the reality of China and the US working through these very complex negotiations within that time frame has hit home and the share markets have had a very tough week,” she said.
Cole said the US’ concerns were broader than trade tariffs, and Australians and their super funds would continue to be affected by volatility next year as the remaining “big picture issues” are yet to be resolved.
“There is still some way to go before a more meaningful and lasting agreement on trade issues can be achieved,” she said. “Recent concerns over the rate of the US interest rate rises have also hit the Australian share market and investors are watching the Federal Reserve very closely.”
Recommended for you
Future Group is set to take on nearly $1 billion in funds under management (FUM) and welcome more than 100,000 new members following two significant successor fund transfers.
Insignia’s Master Trust business suffered a 1.9 per cent dip in FUA in the third quarter, amid total net outflows of $1.8 billion.
While the Liberal senator has accused super funds of locking everyday Australians out of the housing market, industry advocates say the Coalition’s policy would only push home ownership further out of reach.
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
