SUPERANNUATION funds and mum-and-dad investors are again facing big losses as share prices around the world were slashed amid renewed fears of another global credit crisis.  

The Herald Sun reports that the average balanced super fund is looking at losses of about 4 per cent in the past month, or $4000 for every $100,000.

Sharemarkets fell steadily in January but they took a huge one-day dip yesterday.

European share markets, including Britain, France and Germany, lost up to 3 per cent of their value overnight yesterday and the United States markets quickly followed suit.

The sudden global plunge put the wind up Australian investors and the local sharemarket took a 2.4 per cent dive yesterday with Asian sharemarkets clocking up even bigger losses of up to 3.5 per cent.

The one-day price plunges translate to losses of about $1500 for every $100,000 in the average Aussie super fund.

However, this loss is set to treble when the final results for January are added to super funds.

Read more on the Herald Sun online.