Volatility hits fund earnings

Original article by Michael Roddan
The Australian – Page: 23 : 17-Nov-16

Data from Mercer shows that Australia’s median shares fund manager achieved a return of negative 3.1 per cent between August and October 2016. SuperRatings’ figures show that the median superannuation fund boasted a return of minus 0.7 per cent for the period, including a one per cent loss in October. Factors such as the outlook of inflation and uncertainty over the timing of a rate rise in the US weighed on financial markets in October.

CORPORATES
MERCER INVESTMENTS PTY LTD, SUPERRATINGS PTY LTD, UNITED STATES. FEDERAL RESERVE BOARD

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