Markets anxiety is causing investors to switch from equities to defensive assets as regulators and super funds call for calm.
Five of the country's largest industry funds have money invested in companies that use the controversial technique of fracking to extract gas.
A group of health professionals will protest at HESTA's Melbourne office on Wednesday over the fund's investments in the fossil fuel industry.
Median growth funds,where most people with their super in accumulation mode keep their retirement savings,are up 14 per cent so far this year
HESTA wants local oil and gas companies to follow the lead of BP and Shell.