Super returns 10 per cent, prepares for bad times
The chief investment officers of Australia’s big superannuation funds are prepared for the economy and investments markets to experience another big downturn. The CIO’s are mildly positive overall but are concerned that the outlook is complex and fragile.
“Negative international factors are weighing heavily on sentiment despite general optimism about the Australian economy,” said Financial Services Council CEO John Brogden. Funds returned 10 per cent to the average superannuation investor in the year ended June 2010.
Source: Herald Sun