Strong currency and global equity market returns have driven super funds with AustralianSuper's balanced investment option returning 10.86 per cent over the past year.
The option in which over 80 per cent of the super fund's members invest in had its third year of double-digit returns. Over ten years the option has returned an average of 7.3 per cent each year.
Deputy chief executive and chief investment officer, Mark Delaney, said the returns were driven by reasonable returns from US, European, and Japanese equity markets boosted by the strength of foreign currencies against the Australian dollar.
This was coupled with strong returns from property and infrastructure, and modest returns on fixed income and cash.
"This strong result shows the benefits of AustralianSuper's increased focus on active and internal management of assets," Delaney said.
The balanced option holds almost $64 million of the members' retirement savings.
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
Add new comment