Super funds have had a slow but steady start to the 2017/18 financial year, according to Chant West.
The median growth fund – with 61-80% in growth assets – was up 0.6% for the month of August, taking the return for the first two months of 2017/18 to 0.7%.
Australians shares were up 0.7% in August. International shares were up 0.1% in hedged terms and 0.8% in unhedged terms. Listed property was up, with Australian REITs up 1.5% and global REITs up 0.3%.
“The modest start to the financial year was to be expected,” said Chant West director Warren Chant.