Monday caps off a wild financial year for global markets, and therefore, for the retirement savings of just about all of us.

But despite all the turmoil in the world, the past 12 months have been a story of remarkable recovery for superannuation balances.

Donald Trump’s so-called “Liberation Day” tariffs sparked a volatile year for super funds.Credit: AP

Big super funds’ most popular investment options have made returns of about 9 per cent for the year to June, and members who took a bit more risk may have made 10 per cent or more. It’s a far cry from the depths of the “Liberation Day” in April, when some big super funds’ returns for the financial year to date had been smashed to close to 1 per cent.

So, will the good times for investors continue in the year ahead?

No one knows for sure, and the outlook is even more uncertain than usual thanks to the unpredictability of US President Donald Trump.

We can be more certain about one thing, however. Despite the sense of Trump-induced chaos, super giants will continue putting a large chunk of members’ money to work in the US.

That might seem surprising at first glance. The man in the White House has been a key contributor to much of the market volatility, and yet super funds are still betting big on the US? Huh? Hasn’t the US become a riskier place to invest?

Well, yes, big investors have correctly said the US has become riskier. However, there are........

© Brisbane Times