Super on track for best year since GFC Super funds ... bounced back by 44.2 per cent since February 2009. Photo: SuperRatings Australian superannuation funds are continuing to reach new highs, hitting a median growth of up to 13 per cent for the financial year to date, and are on track to record their best performance since the financial crisis. The median growth fund rose 2 per cent in February, the ninth consecutive month of positive growth for super funds, industry analysts SuperRatings and Chant West said. ""Four years on from the lowest point of the GFC, it is great to see super funds have rebounded so strongly. Investors shouldn't expect a return to those bull market days of 2004 to 2007, but the 2012-13 financial year remains on track to provide double digit returns,"" SuperRatings founder Jeff Bresnahan said. Super funds have rebounded by 44.2 per cent since the financial crisis lows of February 2009, and were also 8.1 per cent lower than their pre-crisis levels, SuperRatings added. Chant West said Australian shares were the strongest performers in February, lifting by 5.3 per cent and reflecting the share market's bull run. International shares rose 1.3 per cent in hedge terms and 19 per cent in unhedged terms. Australian real estate investment trusts (REITs) were up 3.5 per cent, while international REITs edged higher by 1.9 per cent. ""The strong share market gains in February were largely on the back of improved sentiment, with investors seemingly prepared to look beyond the current patchy growth to a more prosperous future,"" Chant West director Warren Chant said. Industry analysts cautioned against continuing instability in the eurozone, pointing out that the uncertainty stemming from the Italian elections and Cyprus" bailout crisis could push March's returns back into the red. ""While the share market rally isn't supported by company earnings growth, the increase in money flowing into shares from cash and bonds may provide some support for prices. However, the rally won't be sustainable if we don't see real economic progress at some point,"" Mr West added.