Shock in store for super funds
The world’s capital markets have caught up with Australia’s super funds. After riding the waves of the equities and property market bull run, which culminated in 2021, being among the best years for Australian financial consumers on record, the tide has since turned. Savagely.
This financial year is looking like the MySuper index will deliver a return of around zero or maybe slightly positive, unless things turn sharply worse, in which case returns may dip into the red.
The explanation is
