Superannuation funds should enjoy highest returns in years

Superannuation funds are likely to enjoy the highest returns in four years as global sharemarkets rise.

Shares at the Australian Securities Exchange in Sydney Source: AAP

Markets in Singapore, Hong Kong, Germany, France, Japan, and the United States have all surged more than 20 per cent.

Australia rose a respectable 12 per cent, but why, in comparison, did it underperform?