"While it may not be due to the super funds themselves, but rather what's going on in financial markets, it shows that most super funds are doing their jobs and maximising investment returns for their members," he said.
Equities were particularly upbeat in August. The ASX returned 2.8%, international equities was up 3.5%, while A-REITs jumped 7.9% at the end of the month.
Australian bonds (-0.9%) and international bonds (-0.7%) however, did not perform as well, while cash and direct property were flat for the month.
CO-FOUNDER AND MANAGING DIRECTOR FUTURE SUPER FUND
Future Super co-founder and managing director Kirstin Hunter knows what she stands for. Her path to working at one of Australia's fastest growing super funds was one driven by a moral compass. Elizabeth McArthur writes.