The top super funds made double-digit returns. Is yours among them?
Strong performance across assets boosted retirement savings in the last financial year. Providers say active management may play a bigger role in the next 12 months.
Niche super fund legalsuper delivered the best returns. Simon Letch
The depreciation of the Australian dollar provided a strong tailwind for superannuation funds in the last financial year, helping 20 growth options deliver returns equal to or above the one-year median of 10.4 per cent.
The chief investment officers of some of Australia’s largest super funds say positive returns from all asset classes helped buoy results, but they add that active management and stock selection may play a bigger role in this financial year.
Michelle BowesWealth reporterMichelle Bowes writes about personal finance from our Sydney newsroom. She has been a business journalist for 25 years and is the author of Money Queens: Rule your Money, an award-winning personal finance book for teenage girls. Email Michelle at michelle.bowes@afr.com
