Investment markets showed improvement across the year, in part due to easing inflation and an increase in consumer spending. They were also helped by the earnings growth in the technology sector.

Listed shares help drive positive performance

Australian and international shares made a significant contribution to the Fund’s returns for FY24, and were the largest contributor to the Balanced option’s positive performance.

Other asset classes that make up the investment mix – including infrastructure, credit, fixed interest and cash – delivered more modest returns than shares.

The ups and downs of different asset classes throughout the year also shows the importance of investing in a diversified portfolio. And for AustralianSuper, this includes investing in multiple asset classes in different sectors across the globe.

Looking ahead

We know the past twelve months have not been without challenges, with members having to manage higher living costs across the board.

However, our investment team is now seeing positive signs in global economies and investment markets. This should also help to support member returns in the years ahead. 

More specifically we’ll continue to monitor how central banks are managing interest rates, with the lagged effects of higher interest rates still a concern. 

We’ll also be watching how changing economic conditions affect consumer spending. And as economic conditions change, we’ll continue to adjust our investment mix. 

When it comes to super, it’s about looking at the long-term. Our focus will remain on balancing potential growth opportunities with diversification to deliver positive returns to members, while providing stability during times of market volatility.

Learn more about AustralianSuper’s investment performance at: https://www.australiansuper.com/compare-us/our-performance

Disclaimer: 

Investment returns aren’t guaranteed. Past performance isn’t a reliable indicator of future returns.

Sponsored by AustralianSuper Pty Ltd, ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898

This information may be general financial advice which doesn’t take into account your personal objectives, financial situation or needs. Before making a decision about AustralianSuper, you should think about your financial requirements and refer to the relevant Product Disclosure Statement available at australiansuper.com/pds or by calling 1300 300 273. A Target Market Determination (TMD) is a document that outlines the target market a product has been designed for. Find the TMDs at australiansuper.com/tmd