Superannuation growth
I received the 2006 benefit statement from my main superannuation fund today. It’s an employer plan called Plum associated with MLC Vanguard.
The good news is that my total superannuation increased by 18 percent in the year. Total earnings growth (excluding employer contributions) was 13 percent.
My financial planner, who I saw earlier today, will tell me if they are good results. I read somewhere that many funds have achieved 15 percent growth.
Looking at my asset classes, I probably have too much invested in fixed interest (10 percent) and too little in property securities (8 percent).
The best earning rates were Vanguard Property Securities Index Fund (22.9%), Invesco Australian Smaller Companies (19.8%) and Marvin & Palmer Emerging Markets (18%).
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