Greek effect on markets flattens super returns

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AUSTRALIA - The median superannuation growth fund remained flat in April, returning -0.1% for the month, as the global markets were dragged down due to concerns over Greek sovereign debt and the possible ‘contagion' of other economies, consultancy Chant West said.

The Australian share market was down 1.3% for the month, while international shares were up 0.3% in hedged terms but down 1.4% unhedged due to the appreciation of the Australian dollar. Australi...

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