Balanced investment option returned 20.00%
We are pleased to advise our members that the Balanced investment option returned 20.00% for the financial year ended 30 June 2021 and as published by the Australian Financial Review1, is ranked the 8th best performing super fund across Australia for one year.
While the real estate industry and our members have faced business and employment challenges, lockdowns, community hardships and health concerns due to the pandemic over the past year, we have been working hard to achieve the best possible retirement outcomes for our members.
This performance was achieved during a year which saw funds under management grow considerably to $1.917 billion, which is an 18.70 per cent increase on the previous year.
These one-year results represent a very positive outcome for all our members. The results were achieved by the completion of a strategic review of our portfolio over the year and a restructure of our investment portfolio. The latter included reducing our exposure to Australian equities early in 2021 on the back of strong returns, divesting from alternatives, taking our profits on exposures to emerging markets and US banks and increasing our exposure to industrial and consumer good companies in Japan and the US and European energy companies.
Our members have benefited from our profit-for-member focus and consistent approach to acting in our members’ best financial interests.
Jarrod Coysh, the fund’s Chief Executive Officer, said the investment performance is the result of a well-executed investment strategy and sound governance processes. Our members’ financial future and achievement of a dignified retirement is our number one focus and priority and has been for over 46 years. We are the only fund committed to the real estate industry and allied industries and the people who work in it.
Our members’ financial future and achievement of a dignified retirement is our number one focus and priority
1Australian Financial Review - Top 10 super funds revealed 19 July 2021
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Future investment performance can vary from past performance, and you should not base your decision to invest in REI Super simply on past performance. Past earning rates are not an indicator of future earning rates. The investment returns of REI Super are not guaranteed, and the value of the investment may rise or fall.
The information contained in this article does not constitute financial product advice. REI Super does not give any warranty to the accuracy, completeness or currency of the information provided. Although REI Super makes every reasonable effort to maintain current and accurate information, you should be aware that there is still the possibility of inadvertent errors and technical inaccuracies. REI Superannuation Fund Pty Ltd ABN 68 056 044 770, AFSL 240569, RSE L0000314 Trustee of REI Super (ABN 76 641 658 449), SPIN REI0001AU, RSE R1000412. MySuper unique identifier 76641658449129.