2021 sees strong median 8.8% return for balanced super funds, driven by US tech stocks and Australian banks.
Workers' retirement savings have seen a strong financial year for super funds, with the median performing "balanced" option returning 8.8% for the year. SuperRatings attributed this to strong performances from US tech stocks and Australian banks. International shares were the best performer, returning 17% as rapid AI developments boosted the share prices of US tech stocks. This turnaround led commercial retail super funds to outperform industry funds, which had previously led.
July 08, 2024
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