Growth funds down 1.5% in July

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AUSTRALIA - The median growth superannuation fund (61 to 80% growth assets) fell 1.5% in July on the back of weak share markets, research from Chant West shows.

The superannuation research and consultancy firm said market turmoil had resulted in a disappointing start for the 2011/2012 financial year following a solid 8.7% return in the previous financial y...

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