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AustralianSuper has delivered positive returns for members in the 12 months to 30 June 2024.
An improvement in both economic and investment conditions has seen AustralianSuper members benefit from positive returns for the 2024 financial year.
AustralianSuper’s flagship Balanced option, where most members are invested, returned 8.46% (super accounts) and 9.25% for Choice Income (retirement accounts) for the 12 months ended 30 June 2024.
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All PreMixed and DIY Mix investment options also delivered positive investment performance for the financial ended 30 June 2024.
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.
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.
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: