Funds in black for ninth year in a row

Original article by Cliona O’Dowd
The Australian – Page: 21 : 17-Jul-18

Preliminary data shows that Australia’s median growth superannuation fund achieved a return of nine per cent in 2017-18, compared with the S&P/ASX 200’s gain of 8.3 per cent. Data from Chant West shows that the median growth fund’s return since fiscal 2009 has averaged 9.5 per cent, for a cumulative return over the period of more than 130 per cent. The funds with the highest returns are expected to have gained at least 12 per cent in 2017-18. Meanwhile, MLC Super’s chief investment officer Jonathan Armitage says returns are likely to be lower in the next several years.

CORPORATES
CHANT WEST HOLDINGS LIMITED – ASX CWL, MLC LIMITED, AUSTRALIANSUPER PTY LTD, HOST-PLUS, REST SUPER PTY LTD, STANDARD AND POOR’S ASX 200 INDEX

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