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The New Daily
The New Daily
Business
Rod Myer

Superannuation funds set for worst returns since global financial crisis

Super Mano Mohankumar Chant West GFC Bonds Interest Rates Inflation
The typical super fund is on course to deliver a return of minus 5 per cent.

Superannuation funds are set to record their worst performance since the global financial crisis as sharemarkets plunge due to high inflation and rising interest rates.

According to research house Chant West, the typical super fund with between 61 and 80 per cent in growth assets is expected to fall by 5 per cent this financial year.

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