Superannuation funds have had an eighth consecutive year of positive investment returns, driven in large part by share markets, according to Chant West.
The ‘median growth fund’ – with 61-80% in growth assets – was up 10.7% in 2016/17, according to the firm.
“Shares are still the main drivers of performance, but the major funds are well diversified across other asset sectors as well,” said Chant West director Warren Chant.
“The better performing funds over the year were those that had higher allocations to listed shares and to unlisted assets generally. It also helped to have a lower exposure to listed property, bonds and cash,” he said.