Expats investments in superannuation funds look to be on the way to being safe once again, following a remarkable recovery in 2009, according to new data.
Australia's major super funds recorded their worst year on record in 2008, according to SuperRatings, with the median balanced option losing 19.7 per cent.
However, funds rallied with a 12.9 per cent boost over the whole year - 12 per cent of this coming in the last six months.
Commenting on the figures, SuperRatings' managing director Jeff Bresnahan told the Sydney Morning Herald that the 2009 recovery had "not been without angst, with a virtually flat first half of the year".
Despite the tumultuous financial performance of funds over the last decade, research firm SuperRatings analysis suggests that adopting a diversified investment portfolio will reap greater financial rewards than more conventional fixed and cash assets over the long term.
Most of the growth last year has been attributed to the Australian share market, with shares having added 10.3 per cent after the provision of tax.
Australia's major super funds recorded their worst year on record in 2008, according to SuperRatings, with the median balanced option losing 19.7 per cent.
However, funds rallied with a 12.9 per cent boost over the whole year - 12 per cent of this coming in the last six months.
Commenting on the figures, SuperRatings' managing director Jeff Bresnahan told the Sydney Morning Herald that the 2009 recovery had "not been without angst, with a virtually flat first half of the year".
Despite the tumultuous financial performance of funds over the last decade, research firm SuperRatings analysis suggests that adopting a diversified investment portfolio will reap greater financial rewards than more conventional fixed and cash assets over the long term.
Most of the growth last year has been attributed to the Australian share market, with shares having added 10.3 per cent after the provision of tax.
