AustralianSuper has delivered positive returns for members in the December 2023 quarter.
The balanced investment option, where most members are invested, over the last 10 years to 31 December 2023 has delivered an average return of 7.94% each year for super accounts and 8.75% each year for Choice Income retirement accounts.
During September and October markets fell in response to concerns around US unemployment and debt levels. Markets then rose off the back of falling inflation rates and the possibility that the economy had reached peak interest rates.
The highs and lows of the December quarter are a good reminder that there may still be some economic uncertainty ahead.
Investing in a diversified portfolio is a key part of AustralianSuper’s investment approach. Listed shares were the largest contributor to the Balanced option’s positive performance and delivered strong gains in November and December.
Fixed interest investments also performed better due to higher and more stable interest rates. Unlisted assets delivered a more modest return, with positive contributions from unlisted infrastructure.
Market confidence and investment performance will likely be driven by earnings growth and how central banks deal with inflation.
AustralianSuper will continue to manage investments through this current phase of the market cycle and also seek out long-term value for members.
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