[COMMENT: My usual caveat must accompany this news article – That the reporting of the performance of any fund needs to be taken very carefully. The start and end date of the study period can make a big difference to the returns over the period (some people call it creative accounting). Also, that the returns over one particular period might not match any future period. We have noticed over the years that the best performing funds in any one year tend not to be near the top in following years – with occasional exceptions from well-managed funds.]
(20 July 2017, The Age, p5, Caitlin Fitzsimmons)
‘Superannuation funds have rebounded in the 2017 financial year with the average balanced option delivering a 10.4 per cent return, according to SuperRatings research.
The double-digit returns mark the strongest performance for super funds in four years, and a big jump from the 2.8 per cent return in the 2016 financial year. The growth has added $140 billion to the national retirement savings pot.’