Super funds may finally recoup some of the losses incurred over the past few months according to ratings house, Super ratings. The new data pointed to another negative month of returns in February (down 3.66 per cent) but suggested that some of this was likely to be recouped in March due to a sharp rally in both Australian and international share markets.

It said balanced fund options might recoup as much as 4 per cent in March, which, if it happened, would effectively offset the losses of both January and February.

However, the ratings house said notwithstanding the better prospects in March, Australian super funds balanced options were still set to deliver a second successive year of negative returns and that these negative returns would most likely be in double digits. (Source: Money Management)

Well, talk about giving with one hand and taking with the other. It looks like returns are a likely source of frustration yet again for many Australians. We hear so much about negatives in the media, tell us if you have had some glimmer of hope through your fund manager.

PD