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)
* SuperRatings Fund Crediting Rate survey, SR50 MySuper Index, June 2022
Watch our Deputy Chief Investment Officer, Tim Ridley, give an overview of the investment markets in the financial year 2021 – 2022 below.
While the recent unfavourable investment environment is undoubtedly disconcerting for members, such periods will occur from time to time and, reflecting this, it is very important to view your superannuation from a longer-term perspective.
If you’d like more information, please call our Member Services line on 1300 300 820 8:30 am to 5:00 pm Monday to Friday.
* SuperRatings is an independent third party source of superannuation fund research and ratings.
Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.
This information is general advice which does not take into account your personal financial objectives, situation or needs. Before making a decision about Vision Super, you should think about your financial requirements and consider the relevant Product Disclosure Statement and Target Market Determination issued by Vision Super Pty Ltd ABN 50 082 924 561 AFSL 225054 at www.visionsuper.com.au