Despite fears of of a US-China trade war, political tension and the continuing uncertainty about the pace and timing of interest rate rises, the share market has been remarkably resilient (Australian shares gained 13.2%).
This of course has had a positive impact on superannuation funds across all sectors, with the better performing funds having a higher exposure to listed shares. A lower exposure to traditional bonds and cash also helped, given they were the worst performing sectors.
Chant West found that all risk categories of funds met their typical long-term return objectives at the end of the financial year, which range from CPI + 2% for conservative funds, to CPI + 4.75% for growth funds...
