Super returns lower in August

Original article by Chris Herde
The Australian – Page: 15 : 13-Sep-23

SuperRatings estimates that the median balanced superannuation fund posted a return of minus 0.1 per cent in August, after gaining 1.5 per cent in July. The research house also expects the median growth fund to have lost 0.3 per cent in August. Executive director Kirby Rappell says monthly returns are likely to continue to "bounce around" in the near-term, due to ongoing market uncertainty. He has emphasised the need for super fund members to focus on the long-term performance.

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