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Super savings on track for 11pc return in 2024

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Workers are likely to end 2024 with 11 per cent more in their retirement savings than they started the year, as a Donald Trump-fuelled rally in the US sharemarket helped fuel superannuation funds’ returns.

The median growth fund was up 2.5 per cent for November, according to data from research house Chant West, setting funds up for an “impressive” final calendar year return.

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Hannah Wootton is a reporter for the Financial Review. Connect with Hannah on Twitter. Email Hannah at hannah.wootton@afr.com

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    Original URL: https://www.afr.com/wealth/superannuation/super-savings-on-track-for-11pc-return-in-2024-20241219-p5kzp1