Super funds on the rebound
SUPER funds rallied 2.5% in January, recouping all the losses of the 2011 calendar year in a single month.
According to the latest numbers from industry analysts, funds in the median growth option – where most people keep their super – notched substantial gains last month largely on the back of Australian shares.
Research company SuperRatings said the best Australian shares outperformed the market, returning 7.1% after fees and taxes in January. Other factors contributing to the boost included high yield corporate debt, international shares, extra liquidity and a renewed confidence in investors.
Superannuation
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Super funds on the rebound
Comment0
21 Feb 2012
SUPER funds rallied 2.5% in January, recouping all the losses of the 2011 calendar year in a single month.
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The biggest mining deal in history
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