The 2024 financial year proved a good one for superannuation funds with the median growth fund - which has between 61 and 80 per cent of funds in growth assets - returning 9.1 percent, That is about the same as the previous year, and well above the target for most super funds.
It is the 13th positive return in 15 years, but can it continue?
Mano Mohankumar, Chant West Senior Investment Research Manager, reveals that the strong returns were boosted by international investment and the high performing tech sector, with both retail and industry funds performing well.
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