A pull-back in major share markets sent super funds on the retreat in January. The median growth fund (61 to 80% allocation to growth assets) returned -0.9% for the month, pulling back the return for the seven months of the financial year to date to 8.4%. This was the first negative month this financial year and only the fourth since December 2011.
Key highlights include:
- Members shouldn’t be concerned about the negative return in January as growth funds have just come off the strongest calendar year return in 20 years.
- We estimate that the median growth fund is up 1.3% for the month of February to date, which has more than offset the loss in January.
- Industry funds marginally outperformed master trusts in January, returning -0.8% versus -1.0%.
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