The sharemarket may have hit the pause button on dizzying falls, but the ASX has seen more than 30 per cent of its value since the February peak. One giant investor in equities is the $2.7B superannuation sector and it’s taken a huge hit. Workers nearing retirement are particularly nervous, but the message from the the CEO of Australian Super, Ian Silk, is super is for the long haul, and a good investment.
Read more business analysis from the ABC here: https://ab.co/2WtoBSP
For more from ABC News, click here: https://ab.co/2kxYCZY
You can watch more ABC News content on iview: https://ab.co/2OB7Mk1
Subscribe to us on YouTube: http://ab.co/1svxLVE
Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
You can also like us on Facebook: http://facebook.com/abcnews.au
Or follow us on Instagram: http://instagram.com/abcnews_au
Or even on Twitter: http://twitter.com/abcnews