One of Australia's top superannuation fund providers is cautioning against making knee-jerk investment decisions during volatile times.

HESTA said it saw an uptick in investment switching during the market pullback in early April, which was prompted by US President Donald Trump announcing he would impose steep tariffs on America's trading partners.

It said those who switched generally moved towards more defensive options such as cash and term deposits.

But historical data showed that investment switching reached a peak about the same time that markets hit their nadir.

Those who switched out of growth funds in early April missed the subsequent rebound.

HESTA MySuper Balanced Growth is up 8.0 per cent since the April 2 tariff announcement and the benchmark ASX200 has grown 12.7 per cent

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