Super funds have delivered positive return in July but the gain was partially offset by the international and domestic sharemarket sell-offs in early August on the back of Bank of Japan raising interest rates and a fear of US recession, according to Chant West.
The median growth fund (61-80 per cent growth assets) delivered 2 per cent in July but was down 0.6 per cent in early August, which member balances are up about 1.4 per cent from where they finished FY24.
The median balanced fund (41-60 per cent growth assets) gained 1.6 per cent during July.