Investment update FY2022

After a decade of strong returns, equity markets fell last year, leading to negative returns for most super funds. While none of us likes to see our balance go down, it’s important to understand that superannuation is a long-term investment – even for those of us close to retirement – and performance over the medium term is more important than the shorter term. For example, our MySuper investment option (Balanced growth) returned 19.05% in FY2021 and negative 3.8% for FY2022, It has had a positive annualised return over the 3, 5 and 10 year period to 30 June 2022 (see table below).

It was a similar story across most of our options - following very strong returns in FY2021, returns from our investment options were generally negative in FY2022. Compared with other superannuation funds, our Balanced growth option return for FY2022 was close to the median level of negative 3.7%. More importantly, over the medium term, the Balanced growth option has achieved favourable returns relative to its peers in the SuperRatings* survey as outlined in the table below.

MySuper Balanced growth performance (periods ending 30 June 2022)