SuperRatings says there is reason to expect superannuation fund investment performance to improve in the second half of 2018.
The firms says the ‘median balanced option’ returned 3.3% for the 2018 June quarter, which is historically the weakest quarter.
SuperRatings found, between 2008 and 2018, that the balanced option returned on average 1.9% in the September quarter, 1.7% for the December quarter, 1.8% for the March quarter and only 0.9% for the June quarter.
“The results are even more exaggerated for higher growth options. For example, options with a pure Australian shares focus have an average return of 2.3% in the December quarter and -0.6% in the June quarter,” said SuperRatings.