Super funds on track for double-digit 2021 financial year

By Neil Griffiths
 — 1 minute read

Superannuation performance figures have remained steady “despite lagging vaccinations and snap lockdowns”.

Data collected by SuperRatings for May found that the median balanced option jumped up by an estimated 1.1 per cent, while the median growth option increased an estimated 1.3 per cent and the median capital stable rose an estimated 0.6 per cent.

Pension returns also performed throughout May, with the median balanced pension option returning an estimated 1.3 per cent and 17.1 per cent over the financial year to date.


“As we reflect on the financial year to date, May is the 11th month in a row we have seen a positive result for the median balanced fund and we are on track to see a double-digit return for the year ending 30 June 2021,” SuperRatings executive director, Kirby Rappell, said.

“While strong performance this year is pleasing, market volatility prevails and we are erring on the side of caution in terms of the future outlook, with equity markets likely to provide investors with a bumpy ride.

“Further with rates remaining at record lows, more defensive assets such as cash and bonds have delivered meagre returns, which is impacting retirees’ incomes.”


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Super funds on track for double-digit 2021 financial year
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