Your annual member statement will report the amount of investment returns for your account. The investment returns you receive will depend on the investment option you are invested in and any transactions that have occurred during the financial year, such as switches between investment options, contributions and withdrawals.
Your 2022/23 investment returns
AustralianSuper’s Balanced investment option (Accumulation) returned 8.22% and the Balanced option for Choice Income (Retirement) accounts returned 9.03% for the 2023 financial year1. AustralianSuper has consistently delivered strong long-term performance for members. Over the last 10 years to 30 June 2023, the Balanced investment option has generated an average return of 8.60% each year for super accounts and 9.48% each year for Choice income accounts1.
While high inflation and interest rate rises increased market volatility, this year’s solid investment result highlights the resilience of the portfolio in the face of economic and market headwinds. Listed shares were the largest contributor to the Balanced option’s positive performance in FY23. Both international and Australian shares performed well, and we saw meaningful contributions from the Fund’s investments in unlisted infrastructure and private credit. Meanwhile, rising interest rates continued to challenge performance of fixed interest and property investments.
The ups and downs of different asset classes over the year highlights the importance of investing in a diversified portfolio across different asset classes, geographies and sectors – a cornerstone of our investment approach. Our long-term investment strategy is designed to be resilient when markets move up and down. Diversification helps reduce overall risk, protecting against losses in single asset classes and improving the chances of achieving consistent returns over time. As the economic cycle progresses, we will continue to adjust the portfolio to manage risk and take advantage of long-term investment opportunities. We actively position the portfolio to help deliver the best outcomes for members over the long term. done over the long term.
1Remember that investment returns are not guaranteed and past performance is not a reliable indicator of future returns.