Looking back, 2019 was a strong year for returns. The MySuper default Growth option achieved double digit returns of 15.8% for the year ending 31 December 2019, making us a top-10 performer in Australia*.
Looking back, 2019 was a strong year for returns. The MySuper default Growth option achieved double digit returns of 15.8% for the year ending 31 December 2019, making us a top-10 performer in Australia^1.
This was a great result, placing member returns well above the peer group^2.
Returns over the last three years were also strong relative to our peers^2, with the fund returning 9.7% over this period, and in the MySuper – Growth^2 category we ranked fourth among the best performing funds.
Our strong performance, particularly in 2019, was primarily driven by our equity-based investments, such as Australian and international shares and private equities. Our investments in , such as in the property and infrastructure sectors, were also solid contributors.
Compare us over time
Longer term, over 5 and 10 years to 31 December 2019, our MySuper default Growth option has also performed well.
Over 5 and 10 years, the fund’s Growth option returned 8.3% and 8.2% respectively, performing well above the median of MySuper-Growth funds^2 returns for both periods.
In the SuperRatings survey^1 over the same time periods, the Growth option was also ahead of the median fund returns.
Why superannuation fund performance
Superannuation is generally considered to be a long-term investment so it’s important to focus on long-term returns. Short term performance is important but a fund that consistently delivers solid returns over the long term can better help you build your super savings and achieve your lifestyle objectives in retirement.
SuperRatings Fund Crediting Rate Survey – SR50 Balanced (60-76) Index, December 2019 ↩
Chant West Multi-Manager Survey, December 2019, peer group: MySuper – Growth (61%-80%), net returns for periods to 31 December 2019.
*Note: Fund returns quoted are based on hard close figures, as determined by fund performance figures at the time of survey. ↩