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Super fund returns up in December

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Despite the poor performance in early December, super funds generated an estimated 0.9 per cent return for the month, according to SuperRatings.

This brings the performance of the median superannuation balanced option to 15.5 per cent for the 2013 calendar year, according to SuperRatings data.

This result means 2013 is the strongest performing year since SuperRatings began tracking its index in 2000. 

Australian and international equity markets were key drivers of the recovery in the second half of December. 

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The ASX was up 0.6 per cent for the month of December while the MSCI World ex Australia Index recorded a 2.1 per cent gain. 

The falling Australian dollar further increased international equity returns for those funds in an unhedged position.