The median balanced superannuation option returned investors 2.7 per cent in July, according to the latest data from research house SuperRatings.
The 12-month period to 31 July helped the best performing super funds earn 7 per cent, a report from SuperRatings said.
The BUSSQ Premium Choice balanced growth fund returned 7 per cent over that period; Catholic Super returned 6.4 per cent; and UniSuper Accumulation (1) Balanced returned 6.1 per cent in the same period, said SuperRatings.
Jeff Bresnahan, SuperRatings chairman, said super fund members have endured one of the toughest years, in 2015-16, since the global financial crisis.
“Investors should remain hopeful, but they should also keep their wits about them. Many of the risks that have weighed on markets in recent months are still in play, even with Brexit behind us,” Mr Bresnahan said.
“The unexpected RBA decision earlier this month [to cut the cash rate to 1.5 per cent] was a timely reminder that things are still very shaky,” he said.
Read more:
Hunter Hall LIC returns 20 per cent
Bloomberg acquires Barclays indices
Perpetual’s profit up 8 per cent
Bright outlook for US real estate
Chris Cuffe joins Argo Investments board
