Australian superannuation funds post 1.3% quarterly returns

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AUSTRALIA - Superannuation funds saw a median performance of 1.3% in the first quarter of 2005, slowed by rising interest rates and oil prices, according to Intech Investment Consultants.

This figure represents a drop from fourth quarter 2004 returns of 5.9%. As a result, investors should not expect superannuation funds to post the same strong returns that have seen in the past coup...

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