Super fund performance over 32 calendar years (to December 2024)
For the second year running, super funds surpassed expectations in the calendar year to December 2024. Against a backdrop of challenging economic conditions and geopolitical tensions, with high market volatility, the median Growth fund returned 11.4%.
This followed the 9.9% return in 2023 and represents the 12th positive return in the past 13 years.
Chant West senior research manager, Mano Mohankumar says international shares were the main driver of the stellar 2024 result, led by the technology and financial sectors.
International shares returned 21.2% on a currency hedged basis, and a whopping 31.2% unhedged due to the weaker Aussie dollar (down from US68c to US62c over the year). Australian shares were also up a…
