Business
Majority of super funds take a COVID-19 hit – The Australian Financial Review
About two-thirds of superannuation funds made a loss over the 12 months to June 2020, according to the latest data from the prudential regulator, raising questions…
High-profile industry funds recorded mixed results: Maritime Super and HostPlus recorded negative returns of -2.9 per cent and -2.0 per cent respectively across their funds, while AustralianSuper returned 0.2 per cent.
In the retail sector, MLC Super returned -2.9 per cent; while the Westpac Personal Superannuation Fund returned -2.8 per cent and the Westpac Mastertrust Superannuation Division returned 9.5 per cent.
Investment adviser Chris Brycki, founder of fintech Stockspot, said the results…
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