Super slides further into the red
Superannuation funds are expected to post their fifth consecutive month of losses for March, but investors are being warned to think carefully before switching into cash. Last month the median fund's balanced investment option lost 0.86 per cent and has fallen another 2.2 per cent so far this month. Total losses so far this financial year are at about 6.6 per cent, but SuperRatings chief executive Jeff Bresnahan said that, over the past five years, the median balanced super fund has still gained 70 per cent. "Over many decades, history has shown that growth-style assets such as shares and property will out-perform cash over the medium to long term," he said.
Source: The Australian Financial Review