Wed, 1st Jan 2025

This episode of "Weekly Superannuation News Wrap" discusses recent trends in the superannuation industry. In light of positive developments on the US share market, Australia's market has also shown notable growth, attributed to strategic allocation of assets and diversification. November saw a 2.5% rise in median growth fund returns. Annual return rates for growth funds are now close to 11%, up from 9.9% in 2023. Despite global market uncertainties, Australian shares yielded a return of 13%, with nearly all asset classes reporting growth. The exception was unlisted property, experiencing a rough patch. Since 1992, superannuation funds average annual return sits around 7.9%, above inflation. These recent developments underline effective investment strategies that can navigate diverse market conditions. For more insights, visit financialservicesonline.com.au.