Super funds return over 15 per cent in 2013

7 January 2014
| By Malavika Santhebennur |
image
image image
expand image

Superannuation funds had their best-performing year in 2013, with the median superannuation balance option increasing by 15.5 per cent for the calendar year, SuperRatings' estimates have shown.

These are the best results since SuperRatings began tracking this index in 2000.

Despite a poor start, December's late rally saw super funds record an estimated 0.9 per cent gain for the month.

The strong recovery in the second half of December was mainly driven by the performance of listed equity markets.

Both Australian and international equity markets recovered strongly to finish positive for the month.

The S&P/ASX 200 Index closed higher in five out of the last seven trading days to end the year, and finished December up 0.6 per cent.

The fall in the Australian dollar over the month also helped international equity returns for those funds that remain in an unhedged position.

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. ...

1 year 6 months ago
Kevin Gorman

Super director remuneration ...

1 year 6 months 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 ...

1 year 6 months ago

The profit-to-member super fund’s MySuper default option has returned 9.85 per cent for the financial year 2024–25....

2 hours ago

Colonial First State (CFS) has announced solid double-digit returns for its MySuper balanced and growth equivalent funds during the financial year. ...

2 hours ago

The super fund’s Future Saver High Growth option delivered an 11.9 per cent return for the financial year 2024–25, on the back of a diversified portfolio and actively man...

21 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
3