Equip Super members have been rewarded with positive performance achieved across all investment options in FY23.
Equip Super's Balanced Growth investment option achieved remarkable results, securing a spot among the top 5 performing super investment options for the year ended 30 June 2023 - according to leading ratings agency SuperRatings' SR50 Balanced (60-76) Index. The option delivered an impressive return of 10.1% during this period.
The Fund’s Balanced Growth and Equip MySuper investment options were both included in the Chant West top performing funds for the financial year.
Across the board, performance has been robust, with the higher growth options experiencing an exceptionally strong year. The Growth Plus option achieved a return of 14%, closely followed by the Growth option at 12.3%. Additionally, Australian Shares saw a substantial return of 14.2%, while Overseas Shares performed remarkably well, returning 18%.
“Our disciplined investment strategy delivered excellent results over the past year, driven by strong contributions from active management and astute asset allocation decisions,’ said Equip Super CIO Andrew Howard.
“Despite being underweight in high-performing US mega cap tech-related stocks, our international equity portfolio achieved strong returns. Additionally, our property asset class produced a positive absolute return, benefiting from higher exposure to industrial and healthcare assets. A higher weighting in infrastructure also contributed to double-digit returns.
“Throughout the year we have also taken the opportunity to increase our allocations to bonds and cash through trimming our equity exposure as share markets around the world continued to rise, allowing us to build our exposure to the traditional defensive asset classes as a result of the much more attractive yields on offer.’
Performance over the long-term has also been very competitive, with the Equip Super Balanced Growth investment option returning an average of 7.83% per annum over the 10 years to 30 June 2023.
“While we have navigated through recent challenges like rising interest rates, inflation, and recession concerns, our investment strategy is designed to navigate all market conditions. We focus on protecting members' savings during downturns and maximizing returns during market upswings. Our disciplined approach and diversification continue to deliver positive long-term returns for our members, regardless of short-term market movements.,” said Mr Howard.
Equip Super recently announced that the fund has enhanced its investment option lineup with the addition of two new options. The first is the Index Diversified option, the second is the refreshed responsible investment option, Future Focus, demonstrating a continued commitment to sustainable and ethical investing practices.
Equip Super manages $30 billion for over 150,000 members across both Equip Super and Catholic Super. Equip Super is a leader in the superannuation industry in bringing funds together through successful successor fund transfers and continues to look for new opportunities to grow the fund. Equip Super’s strategic objective is to manage $50B for 300,000 members.
Across Equip Super and Catholic Super we service employers and members from the energy, resources, water, infrastructure, manufacturing, education, health, legal and services sectors. Equip Super is an industry super fund, operating accumulation, defined benefit and pension plans. Our key objective is to deliver the best retirement outcome possible for our members, while operating as a trusted partner for our participating employers.
Equipping our members today, so they’re ready for tomorrow.
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