Superannuation returns rallied again in July with the median Balanced Fund up 2.2 per cent for the month, a significant turnaround from last month’s 2.0 per cent fall.
However, investment markets continue to be extremely volatile with losses in August, to date, already wiping out the July gains.
“The markets took a welcome upturn in July, with rising local and international shares adding strong returns for most super funds,” SuperRatings founder Jeff Bresnahan said.
“However, the relief has been short lived. So far in August we estimate the median Balanced Fund to be down 2.4 per cent, cancelling out the healthy July result.
“Just what the remainder of the month has in store will soon unfold, however, the diversification of most super options is keeping most people insulated against heavier losses in several key asset classes,” Mr Bresnahan said.
Super fund Balanced option returns as at 31 July 2015 are outlined below:
| Period | Accumulation Returns |
| The Month of July 2015 | 2.2% |
| Financial Year return to 31 July 2015 | 10.8% |
| Rolling 3 year return to 31 July 2015 | 13.1% p.a. |
| Rolling 5 year return to 31 July 2015 | 9.6% p.a. |
| Rolling 7 year return to 31 July 2015 | 6.8% p.a. |
| Rolling 10 year return to 31 July 2015 | 6.7% p.a. |
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Source: SuperRatings
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