BUSSQ achieves 13 years of positive returns
27 January 2022
Our Balanced Growth Super and Balanced Growth Income account options have ended the 2021 calendar year with their 13th straight year of positive returns, delivering 12.49% and 12.85% respectively for one year to 31 December 2021.
The 2021-22 financial year has also started positively with good returns for our diversified options despite some volatility in the share market.
BUSSQ’s Balanced Growth Super option and Balanced Growth Income account option have returned 4.13% and 4.53% for the financial year to 31 December 2021.
Our medium and long-term returns have also remained strong sitting at 8.34% for five years and 9.44% for ten years to 31 December 2021 for our Balanced Growth Super option.
Coronavirus has continued to impact financial markets over the first six months of 2021-22, however, the local market finished the first half of the financial year up 3.8% and the global share market was up around 11.3% in Australian dollars.
The strong performance in the first half of the year has been driven by several positive outcomes. These include increased vaccination rates with vaccines helping to reduce the severity of Coronavirus illness, the opening up of the global economy and central banks continuing their economic support leading to an improvement in global growth. The return of global growth also helped corporate profits to improve and share markets to deliver strong returns. There were however worries during the first half from different Coronavirus waves, some central banks raising interest rates earlier than expected and the continued geopolitical tensions with China.
We remain cautiously optimistic for the remainder of the financial year with more share market volatility expected in response to speculation the US Federal Reserve and other central banks may start raising interest rates and the possibility of prolonged higher inflation.
There are several things to watch over 2022 that may impact share markets including the possibility of new Coronavirus variants, the continuation of issues with China, Russia and Ukraine hostilities and closer to home the Australian Federal election.
During these challenging times we will continue to actively manage our members’ retirement savings. We will maintain a diversified portfolio of investments, including unlisted assets such as property and infrastructure which have provided some protection against volatility in global markets.
To see our latest investment returns, visit our monthly investment performance page.
Past performance is not a reliable indicator of future performance. Investment returns are after tax on investment earnings, where applicable, and after indirect costs. This information is general advice only and does not take into account or consider your personal objectives, financial situation or needs. Before acting, you should consider the appropriateness of the information to your needs or seek independent advice from a properly qualified professional. Prepared by BUSS(Queensland) Pty Ltd (ABN 15 065 081 281, AFSL 237860) as Trustee for BUSSQ (BUSSQ Fund, ABN 85 571 332 201).