Balanced option returns 12.44%
It’s been a strong financial year for members, with the Balanced option returning 12.44% for the year to 30 June 2017. This makes it the eighth consecutive year of positive returns for the Balanced option.
The Balanced option for retirement income accounts returned 13.6% for the same period. All other investment options also achieved positive returns.
The pleasing result came about as all asset classes produced positive returns, which is great for AustralianSuper’s 2.2 million members whose retirement savings now total $120 billion.
A stronger global economy helped lift world share markets, with international shares the best performing asset class. AustralianSuper’s infrastructure, property and private equity assets also performed well.
Deputy Chief Executive and Chief Investment Officer, Mark Delaney, said: ‘the return to above-average performance reflects the improving global economy, particularly in China and the US. Investment markets have also been resilient in the face of greater political uncertainty.’
While the result was pleasing, returns can fluctuate from year to year, which is why it’s important to focus on long-term returns.
‘The diversified nature of our Balanced option has allowed us to manage market ups and downs over the long term,’ Delaney said.
‘It’s the breadth of the asset classes that we invest in and our active management of these investments that helps create sustainable long-term returns for our members.’
The Balanced option has returned 9.64% pa since its inception in August 1985 to 30 June 2017.
Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.