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Another positive year of investment returns for Equip Super members
Investments | | 2 min read
Performance for the financial year 2023-24
After a financial year that started off with fears of a US recession and stubborn inflation causing interest rates to remain higher for longer, we are pleased to report we’ve again delivered positive returns for our members. Headlined by the Balanced Growth option returning 9.23% for the 2023-24 financial year.
This builds on the positive long-term performance of the Fund, with our Balanced Growth option returning an average of 8.19% p.a. over the 15 years to 30 June 2024.
The strong rise in equity markets was a positive contributor to returns and certainly benefitted our higher growth options, with the Growth Plus investment option returning an impressive 12.12% for the Financial Year.
We also delivered strong returns for our Retirement Income members, with the Balanced Growth (Retirement Income) Option returning 9.88% for the Financial Year, and members in the higher growth options receiving double digit returns.
While it has certainly been a positive period for investors since the sharp turnaround in markets in late 2023, we are mindful that there remains the potential for heightened market volatility as we head into the US presidential election in November and while inflation has continued to moderate it is still too high which may mean fewer interest rate cuts may be forthcoming. So moving forward, we remain focused on maintaining a diversified investment strategy that can navigate through all market environments.
Issued by Togethr Trustees Pty Ltd ABN 64 006 964 049, AFSL 246383 ("Togethr"), the Trustee of Equipsuper ABN 33 813 823 017 ("Equip Super"). The information contained is general advice and information only and does not take into account your personal financial situation or needs. You should consider whether this information is appropriate to your personal circumstances before acting on it and, if necessary, you should seek professional financial advice. Where tax information is included, you should consider obtaining taxation advice. Before making a decision to invest in Equip Super, you should read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product which are available at equipsuper.com.au. Financial advice may be provided to members by Togethr Financial Planning Pty Ltd (ABN 84 124 491 078 AFSL 455010) – a related entity of Togethr. Past performance is not a reliable indicator of future performance.
