AustralianSuper’s Balanced option has delivered a return of 8.67% for the year and 10.72%pa for the three years to 30 June 2019. This is the tenth consecutive year of positive returns for members in the Balanced option.
After a challenging start to the 18/19 financial year, a rebound in share markets in the last six months helped boost returns for members. More importantly, longer term returns over the five and ten years remain consistently strong.
Deputy Chief Executive and Chief Investment Officer, Mark Delaney, said ‘AustralianSuper members have now seen 10 years of strong returns which represents a major boost to their retirement savings.’
‘If you had $50,000 invested in the Balanced option from July 2009, your retirement savings would have more than doubled over the last ten years and would now be worth $126,921^.’
Read more on the performance result.
^ Based on investment returns which are net of investment fees, costs and taxes, but do not include the impact of administration fees and insurance premiums that are deducted from members’ account balances.