Top super funds target growth as best antidote to pandemic setbacks
‘Remarkably resilient’ funds that outperformed in the 2020 calendar year are aggressively seeking new opportunities as the economy continues to improve.
Over February and March last year the median growth fund plummeted 12 per cent. Markets then rallied and growth funds surged 15.5 per cent over the remaining nine months of the year. Simon Letch
Leading super fund managers are repositioning for recovery as economic conditions continue to improve and opportunities appear in sectors yet to recover from COVID-19 setbacks, such as airports, toll roads and shopping centres.
Growth funds produced “remarkably resilient” returns in calendar 2020 despite unprecedented market volatility, investor fears and economic setbacks after the start of the pandemic.
