ClubCOLLECTIVE December 2023
Long-term returns remain strong despite volatility in investment markets.
Over the last 3 months to 30 September 2023, growing uncertainty around inflation and interest rates saw share markets rise in July before falling again in August and September.
This resulted in a subdued end to the quarter for each of AustralianSuper’s PreMixed investment options. The Balanced option returned -0.11% for super accounts and -0.13% for Choice Income account based pension accounts for the three months ending 30 September 2023.
These results outperformed the median balanced fund by 0.41% for super accounts and 0.46% for Choice Income respectively1.
Looking at the long-term returns for the same investment options, returns remained strong – an 8.04% average annual return over 10 years for AustralianSuper’s Balanced option for super accounts and 8.86% for the Balanced option for Choice Income accounts to 30 September 2023.
How long will these current conditions last?
The main issues affecting investment markets during the September quarter – inflation, rising interest rates and the possibility of slowing economic growth – will likely remain during the short to medium term. This could also mean further volatility in investment returns is likely.
The AustralianSuper investment team will continue to review and adjust the Fund’s investment portfolio to help members benefit from any recovery in investment markets.
Read more about AustralianSuper’s September 2023 quarterly performance
1AustralianSuper Balanced investment option compared to the SuperRatings Fund Crediting Rate Survey - SR50 Balanced (60–76) Index and SRP50 Balanced (60-76) to 30 September 2023. Returns from equivalent investment options of the ARF and STA super funds are used for periods before 1 July 2006
Investment returns aren’t guaranteed. Past performance is not a reliable indicator of future returns. This information may be general financial advice which doesn’t take into account your personal objectives, financial situation or needs. Before making a decision about AustralianSuper, you should think about your financial requirements and refer to the relevant Product Disclosure Statement available at australiansuper.com/pds or by calling 1300 300 273. A Target Market Determination (TMD) is a document that outlines the target market a product has been designed for. Find the TMDs at australiansuper.com/tmd. Sponsored by AustralianSuper Pty Ltd, ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898
Contact Information
Name: Shane Skeen
Title: Partnership Manager
Mobile: +61 417 248 628
Email: sskeen@australiansuper.com
Website: https://australiansuper.com
