AvSuper end of quarter update
A year
into the pandemic and we are pleased to say that AvSuper
has continued serving our members and not had any cases
within our team. The pandemic, fires and floods have had
a huge impact on our lives which makes the need to save
for the future more obvious.
Obviously
the world is still in a state of flux as COVID-19
continues its spread and the vaccines are being rolled
out. Financial markets in general are keeping investors on their toes and will
for all of 2021, with the first quarter throwing up all
sorts of surprises.
The bond market had
one of its biggest selloffs in decades whilst commodity
prices and inflation expectations continued to increase
and supposedly 'safe haven' sectors such as gold crashed. Overall the
stock market continued to climb with the S&P 500 in the
US hitting 4000 points in early April.
This makes for a mixed
bag of returns across AvSuper’s portfolio but all in
line with our options' risk profiles. Our growth options have done
well, whereas the more conservative options have stayed
conservative and Cash is not expected to do well any
time soon.
Closer to
home, AvSuper is pleased to welcome some
new staff to our team recently.
Jess and Scott have
joined our Member Advice Team while
Michael
has started
as our new CEO. We are looking forward to their input to
our team and thus to our members.
We also remind you that we are
experienced in retirement decisions. So whether you are
looking at changing your investment strategy or
restructuring your payments, we invite you to discuss your options
with us. Appointments can be face to face or via phone
or an online platform.
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