AvSuper Growth (MySuper) option 2020-21 return is 20.6%
1 year net return ended 30 June 2021
(Soft close prices – official returns to be posted around 30 July 2021)
I am very proud to announce that as at 30 June 2021 we have achieved the best annual investment return for members for the Growth (MySuper) Options, since AvSuper began over 30 years ago. For now, we have used soft close numbers for the Growth (MySuper) Option to give members an idea of the final numbers. The official returns for all options will be posted around July 30.
This return has been buoyed by stellar market returns over the past 12 months, including big upticks in consumer discretionary, communication services, commodity prices and financials over the past 6 months. The All Ordinaries posted its best run in 34 years (26.4%). This is a massive recovery of 60% from the March 2020 lows when the effect of COVID-19 hit financial markets. Additionally, this boom was lifted by record levels of government and central bank spending, and even eclipsing the boom years post GFC.
AvSuper’s comparative performance against the existing published returns of some major superannuation funds MySuper products looks positive.
Over a year that has so much turbulence and change in markets AvSuper has always been conscious of the responsibility to preserve member benefits.
We have been steadily fine tuning our investments and strategy. AvSuper can take advantage of our smaller size and therefore has been investing in like for like sized Investment Managers and strategies. These strategy changes will be noted more thoroughly in our upcoming Annual report and after the Trustees have reviewed the full year financial results.
Past performance is not necessarily an indicator of future performance and it is important to note that your super is invested with a long term focus. The investment earnings on your account balance may vary from above depending on when (if) you made any switches and contributions.