Super returns continue positive trend

Super returns continue positive trend

New data from Chant West shows positive returns for superannuation funds for the month of May, bringing financial year-to-date returns to 4 per cent.


In a statement, Chant West director Warren Chant explained that the strong performance was linked to “improving share markets at home and overseas” as well as positive performance in the real estate sector.

Mr Chant went on to say that much of this positive performance was, however, “erased” in the first two weeks of June.

“Investors are concerned about the outcome of the UK referendum on 23 June and what the implications will be if Britain does decide to exit the European Union,” he said, adding that median growth fund is down by an estimated 1.8 per cent.

Mr Chant said the 2016 June quarter is still likely to see a “small positive return” despite the volatility, meaning a positive result for the financial year.

 

Read more:

ASIC enters fintech partnership with Singapore

MLC head of SMSF departs for lobby group

Investec Australia names new managing director

European bonds not 'adequately priced' for Brexit

Blue chips failing investors: Montgomery

 

Super returns continue positive trend
investordaily image
ID logo
promoted stories

Appointments

investordaily image

AMP names incoming chief risk officer

Jessica Yun

investordaily image

Antares Equities hires new director

Staff Reporter

Brad Fox

Former AFA CEO appointed to boutique board

Staff Reporter

Analysis

investordaily image

Warning lights flashing on Aussie equities

Roy Maslen

investordaily image

What’s in store for the economy in 2018?

Frank Uhlenbruch

ST Wong

Busting common passive investing myths

ST Wong