27.07.2011 - Australian super funds poor performers after too much concentration on shares |
Superannuation funds have been among the worst performing among developed countries, casualties of their love affair with shares. They logged average returns of -2.8 per cent from 2008 to last year, with only the pension funds of recession-hit Estonia (-3.7 per cent) and Portugal (-3.1 per cent) faring worse among OECD countries..............................................Full Article: Source |