Australian Pensions Suffer Worst Month Since 2022 on Iran War

Australia’s pension funds have endured their worst monthly losses in more than three years as the war in Iran triggered market swings that battered some of their biggest investments.

A broad sample of investment options — where most Australians hold their retirement savings — posted an average loss of 3.2% for March, according to estimates provided to Bloomberg by research house Chant West. That’s the worst return since September 2022 and largely driven by the industry’s massive exposure to stocks.