After a positive start to the 2021-22 financial year, with our Balanced Growth Super option delivering a return of 4.13% to 31 December 2021, investment markets have taken a downward turn in recent months.
Both share markets and bond markets fell sharply in the first few months of the calendar year, then remained relatively stable during May. Returns across all super funds have been impacted by this.
It is difficult to see your super balance fall during a market downturn, but negative returns in investments happen from time to time. After each downturn, such as the last one we experienced near the start of the COVID pandemic in March 2020, markets do eventually stabilise and then recover.
Our Balanced Growth Super option and Balanced Growth Income account option returns for the 2021-22 financial year to 31 May 2022 are -2.23% and -0.73% respectively. This is down from the start of the calendar year, but the Balanced Growth option has delivered strong returns for members over the medium to long term.
At 31 May 2022 our Balanced Growth Super option had returned 6.06% p.a. over 5 years, 8.34% p.a. over 10 years, and 9.39% p.a. since its inception in 1985^. The Balanced Growth Income account at the same date, had returned 6.5% p.a. over 5 years and 9.06% p.a. over 10 years, with these slightly higher returns due to the fact Income account holders pay tax on their investment earnings at a 0% rate.
To see our latest investment returns, visit our monthly investment performance page.
To help provide you with more information our Chief Investment Officer Troy Rieck has answered some common questions below.
If you have any further questions about your Super or Income account, please give us a call on 1800 692 877. As a BUSSQ member you also have access to personal financial advice on investment choice at no extra cost*.
