This year’s result represents a continuing reward for those members who’ve remained patient and trusted their funds to weather the crisis.
Australian shares lost 0.5 percent during November, while international shares dropped 1.5 percent; however, the depreciation of the Australian dollar saw the loss turn into a gain of 3.7 percent in unhedged terms, according to the source of reporting.
The positive performance was recorded across all risk profiles during the month. The median balanced fund rose 0.4 percent and is up 8.5 percent year-to-date, while the median high growth fund also rose 0.4 percent and is up 14.6 percent for the year. As per reporting source, the median growth fund rose 0.3 percent during November with returns of 11.7 percent for the first 11 months of the year.
According to the source of reporting, the median growth super fund continued to grow in November, with estimated returns for 2021 now sitting above 12 percent.