After five straight months of positive returns, super funds experienced a pull-back in April with the median growth fund down 1.7% over the month.
However, with markets up again so far in May and with less than seven weeks of the financial year remaining, Chant West estimates that the median growth fund’s return for FY24 is sitting at a healthy 8%. This of course comes on the back of the surprisingly strong FY23 return of 9.2%.
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