Super funds had another positive month in May, with the median growth fund (61 to 80% allocation to growth assets) gaining 1.1%. With only one month remaining, the cumulative return for this financial year stands at 12.6%. So a fifth consecutive positive annual return is now assured – and almost certainly in double digits.
Please see the media release for further information. Key highlights include:
– We’re expecting a range for the growth fund category of between 9% and 15% for the current financial year.
– This year’s result comes on the back of positive returns of 10.4% in 2009/10, 9.2% in 2010/11, 0.5% in 2011/12 and 15.6% in 2012/13.
– Retail funds just edged ahead of industry funds in May, returning 1.2% against 1% for the month. However, industry funds continue to hold a convincing lead over the longer term.
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