The last 12 months have seen ongoing inflationary challenges and rising interest rates along with increasing rental prices driven by a significant lack of rental accommodation supply. This has continued to drive up the cost of living for our members and most Australians.
Despite the uncertain economic and geopolitical backdrop, we are very pleased to confirm that our Balanced (MySuper) investment option achieved a strong net investment return of 9.34% for the year ended 30 June 2024 This result was achieved by a higher exposure to listed assets – Australian shares and International shares – and a lower exposure to unlisted property. Similarly, the Balanced Pension investment option achieved a net investment return of 10.22%.
Over the same period, our Growth investment option achieved a net investment return of 12.80% also driven by the option’s higher exposure to strong-performing listed assets. This is an excellent result.
These return shows that we are big enough to perform and small enough to care about maximising the retirement savings of every member of REI Super. As well as good returns and competitive costs, we have demonstrated performance in delivering personalised service and in house advice which is available to all members. These results follow the Balanced net investment return of 9.45% and the Growth net investment return of 13.77% achieved for the financial year ended 30 June 2023.
Average annual net investment returns over the past 10 years
The Balanced investment option invests mainly in growth assets with some interest-bearing defensive assets. It has the potential for high returns – as demonstrated by the 20.0% net investment return for the 12 months ended 30 June 2021.
It is important to remember that the core fundamentals of superannuation remain the same – long-term real growth and this reinforces the need to focus on long-term investment strategy and objectives. The Balanced investment option has a performance objective of returning at least CPI plus 3% per annum over 10 years.
REI Super continues to provide members with strong, long term investment returns with the Balanced investment option achieving average net investment returns of 6.69% per annum over 10 years.
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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
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