AustralianSuper’s balanced investment option has returned 10.86 per cent thanks to strong returns from currency and global equity markets, and unlisted property and infrastructure.
This is the third year of double-digit returns by the option, and over ten years the option has returned an average of 7.3 per cent — above the fund’s long-term objective of CPI plus four per cent.
Deputy chief executive and chief investment officer, Mark Delaney, said the returns were driven by reasonable returns from US, European, and Japanese equity markets boosted by the strength of foreign currencies against the Australian dollar.
This was coupled with strong returns from property and infrastructure, and modest returns on fixed income and cash.
“This strong result shows the benefits of AustralianSuper’s increased focus on active and internal management of assets,” Delaney said.
“The path to global economic recovery remains uneven, highlighting the reason for members to maintain a long-term focus.”
The balanced option holds almost $64 million of the members’ retirement savings in which more than 80 per cent of members invest their savings.
