23 April 2024 13:21
The median growth super fund has returned 8.8 per cent in the 2024 financial year so far with one more quarter ahead, according to research house Chant West.
The latest figures find super funds were up for the fifth consecutive month in March, with the median growth fund (61 to 80 per cent in growth assets) delivering 1.9 per cent over the month.
The median balanced fund returned 7 per cent in the financial year to date.
Despite geopolitical turbulence, markets are avoiding short-term turmoil and reacting to the underlying fundamentals showing the strength of major economies, a pair of AMP investment executives told the Professional Planner Managed Accounts Decoded podcast.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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