Super funds continued their strong start to 2015, with the median growth fund (61 to 80% growth assets) surging 3.1% in February. This followed a 2% rise in January, contributing to a healthy 10.5% gain over the eight months of the financial year to date.
Please see the attached media release for further information. Key highlights include:
- The typical growth fund has about 27% of its assets in Australian shares and about 26% in international shares, and these are the sectors that have driven the strong returns in 2015 so far.
- There were several factors that contributed to the positive share market sentiment in February, including a rebound in oil prices.
- Retail funds and industry funds performed broadly in line with each other in February returning 3.2% and 3.1%, respectively.
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