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Australian superannuation funds finished 2009 strongly, thanks to a record 6 month rally in the second half of 2009, according to ratings house SuperRatings.

The median balanced superannuation fund lost 19.7% in 2008, making it the worst year on record.

However, the median balanced superannuation fund returned 12.9% in 2009. This return came almost exclusively during the second half of 2009, with the first 6 months virtually flat. This rally was the largest half-year result since the introduction of compulsory super in 1992. In December 2009 alone, the return was 2.19%.

The main driver for this rally, according to analysis by SuperRatings, was the Australian sharemarket performance, with the fixed interest area providing additional returns.

The figures also indicated that the global financial crisis has dampened consumer commitment to investing in super, with personal or discretionary contributions falling by over 40% in 2008/09.

Important Information

Information provided in this newsletter is general in nature and does not constitute financial advice. While I have taken reasonable care in providing this information, it should not be construed as being specific to your investment objectives, financial situation or particular needs. It's important for you to consider these matters before making any financial decision and we recommend you seek financial advice.