Super funds promote long term view
According to SuperRatings the average superannuation fund has lost 6 per cent so far this month, following a 0.46 per cent drop in December. However super funds are urging their members to remain calm and look at the strength of longer term returns. The median return over the past 5 years is 12.2 per cent with some closer to 14 per cent. Mark Delaney, chief investments officer at AustralianSuper which has an average return over the past five years of 13.9 per cent, said that with such a sharp fall on the markets there is little opportunity for funds to reposition their portfolios, instead relying upon diversification of asset allocation.
By The Age