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Pressure on Australian dollar that hit the overseas
February 22, 2010, Australia – Draw back from last month the Australian dollar that has been hit the overseas earnings. Nevertheless the local equities and real estate markets has been grabbed their sits to stay and strong until last year.
From research house Chant West recent reports of the calculated figures that with the withdraw from 2.2 per cent of the median growth funds just in a month while median balanced funds went backwards 1.2 per cent,
With the median funds decrease up to 2 percent over three years and median reasonable finances almost having a negative 0.1 per cent a year return. Chant West principal Warren Chant told that the market needs to take up a rest from last year stress.
“We had a strong Christmas rally, which was unlikely to be sustained into the New Year,” he said.
Chief executive of the Industry Super Network, David Whiteley said that having the fees lower its rate it has been given a long-term advantage of industry super funds.
“In the period 1999-2000 to 2008-09, average annual returns were 4 per cent for industry funds, while retail funds lagged with an average return of 2.4 per cent, according to figures from the regulator APRA,” he said.
Source:
theaustralian.com.au
