Outstanding performance of Australian Provident Fund funds in 2013

Published 22 January 2014, 9:45 AEST
Compiler: Fang Teng Editor: Ma Jianyuan

2013 was a good year for Australian Provident Fund funds, with an average return of 17.5%. This is a great improvement from the 5% decline when the global financial crisis broke out five years ago.

Confidence has improved among retailers, but remains lacklustre in the mining sector.


Yesterday, in Asia, Hong Kong stocks followed the rise of mainland stocks and closed again at 23000 points. The Hang Seng Index closed up 0.45%. The Shanghai Composite Index regained more than 2000 points and closed up by nearly 0.9%. The Taiwan stock market closed at a day low yesterday, with the weighted index at 8599 points, down 0.25%. The Japanese stock market rebounded 1% to close, and the Nikkei index closed up 154 ​​points. South Korea's Seoul Composite Index closed up 0.52%, setting a new close in the past three weeks.

In Australia, stocks of all types generally rose. The All Ordinaries index rose 0.66%, 34 points, and closed at 5342 points. The ASX index rose 36 points and closed at 5332 points. So far, the Australian stock market has fallen by 2014% in 0. Some stock market analysts pointed out that this is an adjustment of the stock market-there will be a rise, there will be a fall.

Chant West, a well-known Australian industry analysis agency, pointed out that the pension fund has achieved its best performance in 20 years because of the stock market rebound. According to reports, the typical diversified fund rose by 2013% in 17.5, while at the same time, the Australian stock market ASX200 rose by 20%. This seems to indicate that these pension funds rely heavily on the appreciation of the stock market. The figures also show that of the top 10 funds, 6 are non-profit funds and 4 are retail funds established for investment companies. The best provident fund income is REST SUPER CORE FUND, last year's return was 19.7%.

The following is a five-year return chart. This is based on the inflation rate plus 3.5%. In the past 11 years, provident fund funds have reached this target in 9 years. However, 2008 was the most tragic year, when the global financial crisis broke out. That year, the return of the provident fund fund was -21.5%.

Recently, the Australian dollar has declined and reached a new low in three and a half years. This is good news for exporters. Australian grain exporters say that for every 1 cent drop in the Australian dollar exchange rate, the price of wheat actually rises by 3 Australian dollars per ton.

Speaking of agricultural exports, last year, Australia’s exports of live livestock to Vietnam rose rapidly, becoming Australia’s second largest customer in northern Australia.

In terms of commodity prices, the price of gold has fallen. Investors are expecting that the U.S. Federal Reserve will announce a further reduction in debt purchases at its interest rate meeting next week, weakening the attractiveness of gold as a hedge against inflation. New York February gold futures closed at $2 per ounce, down $1241.8. International oil prices have risen. New York's February oil futures closed at US$10.1 per barrel, up 2 cents. London Brent oil futures closed at $94.99 per barrel, up 62 cents.