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ANZ Smart Choice Super report: 2015-16


Published August 2016

Strong market performance and strategic asset allocation has led to above-average results, writes Mark Rider.

ANZ Smart Choice Super delivered robust returns in the past financial year, despite a challenging time for investments.

SuperRatings recently released its analysis for how Australian funds have been performing, dividing funds into four categories, or quartiles. If we look at the performance of ANZ Smart Choice Super for both the past financial year and the past three years, then ANZ Smart Choice Super lifestage options rank in the second and first quartiles against all peers, including industry funds.^ This means they’re performing above average.

(By default, members are placed in options according to their decade of birth, called “lifestage”, with each option exposed to a different level of risk, which becomes lower for older members.)

If we look at ANZ Smart Choice Super 1960s option  as an example, it increased 3.5 per cent in the 12 months to June 30, and on average it has grown 8.2 per cent per annum in the three years to June 30. (All results can be seen in the tables below.)

SuperRatings has given ANZ Smart Choice Super an overall gold rating. It was also named the “fast mover” for the second year in a row.

June-quarter performance

In the three months to the end of June, all lifestage options performed in the top quarter compared with equivalent peers, aside from the 1940s optionn which was second quartile.

As can be seen in the table below, ANZ Smart Choice Super members born in the 1960s, 1970s, 1980s and 1990s enjoyed strong growth in their retirement savings. Investments more exposed to "growth assets" fared better during the June quarter, because of increases in the sharemarket.

ANZ Smart Choice Super lifestage options’ performance (%)

Options 3 months 6 months 1 year 3 years (p.a.)
1940s 1.81% 2.57% 3.96% 5.26%
1950s 2.73% 2.75% 4.30% 7.26%
1960s 3.20% 2.38% 3.54% 8.19%
1970s 3.47% 2.18% 3.12% 8.67%
1980s 3.61% 2.03% 2.89% 9.01%
1990s 3.67% 1.99% 2.84% 9.06%


Note: Reporting data to June 30, 2016. PA = per annum. Please note that past performance is not a reliable indicator of future performance.

ANZ Smart Choice super choose your own investment mix performance (%)

Options 3 months 6 months 1 year 3 years (p.a.)
Cash 0.45% 0.92% 1.87% 2.15%
Conservative 1.82% 2.61% 3.96% 4.82%
Moderate 2.79% 2.87% 4.43% 7.20%
Growth 3.34% 2.36% 3.41% 8.34%
Australian equities 3.56% 1.36% 1.42% 7.47%
International equities 1.92% 0.08% -0.89% 9.29%
Global property 4.34% 8.55% 16.80% 12.40%
Global fixed interest 2.47% 5.65% 7.76% 6.04%


Note: Reporting data to June 30, 2016. PA = per annum. Please note that past performance is not a reliable indicator of future performance.

The above investment returns are not applicable to QBE members. Refer below footnotes for important information.

Members of ANZ Smart Choice Super for employers and their employees can access the latest returns across the full suite of investment choices (PDF 111kB) or by visiting the ‘Investment portfolio’ page via your ANZ Smart Choice Super account in ANZ Internet Banking.

 

How ANZ has invested your super savings 

The start of 2016 has been volatile for sharemarkets worldwide, highlighting the importance of having a diversified super fund portfolio to ride out the turbulence.

During the first half of 2016, ANZ’s chief investment office moved ANZ Smart Choice Super into more defensive growth assets such as global property and low-volatility shares to manage risk versus return.

As a result of this asset allocation, most ANZ Smart Choice Super members scored an encouraging return in the past quarter. Figures above show this in detail, but general performance was above industry average.

June-quarter performance was due to stronger market performance, which lifted due to actions taken by central banks around the world, particularly in China, which have supported growth.

 

Note:
The above investment returns relate to super accounts only with the exception of members in ANZ Smart Choice Super – for QBE Management Services Pty Ltd and their Employees. To access the latest returns, please visit your ‘Investment portfolio’ page via ANZ Internet Banking.

For ANZ Smart Choice Pension returns, click on the above options to access the detailed Investment Option Summaries containing returns specific to ANZ Smart Choice Pension, or visit your ‘Investment portfolio’ page on ANZ Internet Banking.

Please note that past performance is not a reliable indicator of future performance.

 



Mark Rider
Mark Rider is ANZ Wealth’s chief investment officer, responsible for delivering an overarching investment strategy, including asset allocation, investment themes, investment manager and product selection and monitoring for ANZ Wealth in Australia. Before joining ANZ in 2013, Mark spent 15 years at UBS and 10 years at the Reserve Bank of Australia, making him a well-recognised and respected member of the Australian investment community.

 

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Note 
The above investment returns relate to super accounts only with the exception of members in ANZ Smart Choice Super – for QBE Management Services Pty Ltd and their Employees. To access the latest returns, please visit your ‘Investment portfolio’ page via your ANZ Smart Choice Super account in ANZ Internet Banking. 
For ANZ Smart Choice Pension returns, click on the above options to access the detailed Investment Option Summaries containing returns specific to ANZ Smart Choice Pension, or visit your ‘Investment portfolio’ page via your ANZ Smart Choice Super account in ANZ Internet Banking.
Please note that past performance is not a reliable indicator of future performance.
^Quartile information on returns from Retail Master Trusts from SuperRatings Fund Crediting Rate, Risk and CPI+ Objective Surveys (FCRS). The survey for this sector includes both hedged and unhedged funds.
ANZ Smart Choice Super Returns quoted are using the net asset values for the relevant month end. All returns are after the deduction of investment fees.

OnePath Custodians Pty Limited (OnePath Custodians) ABN 12 008 508 496, AFSL 238346, RSE L0000673 is the trustee of the Retirement Portfolio Service (ABN 61 808 189 263, RSE R1000986) (Fund) and issuer of the interests in “ANZ Smart Choice Super”, a suite of products consisting of ANZ Smart Choice Super, ANZ Smart Choice Super for employers and their employees and ANZ Smart Choice Super for QBE Management Services Pty Ltd and their employees.

ANZ Smart Choice Super is issued by OnePath Custodians and distributed by Australia and New Zealand Banking Group Limited (ANZ) 11 005 357 522. ANZ is an authorised deposit taking institution (Bank) under the Banking Act 1959 (Cth). OnePath Custodians is the issuer of this product but is not a Bank. Except as described in the relevant Product Disclosure Statement, the obligations of OnePath Custodians are not deposits or liabilities of ANZ or its related group companies. None of them stands behind or guarantees the issuer or the capital or performance of any investment. Such investment is subject to investment risk, including possible repayment delays and loss of income and principal invested. Returns can go up and down. Past performance is not indicative of future performance.

This information is subject to change. You should read the relevant Financial Services Guide (FSG), PDS, product and other updates (for open and closed products) available at ANZ.com.au/super and consider whether the product is right for you before making a decision to acquire, or to continue to hold the product. Updated information will be available free of charge by calling Customer Services on 133 665.

Taxation law is complex and this information has been prepared as a guide only and does not represent tax advice. Please see your tax adviser for independent taxation advice.

The information on insurance cover is a summary only of the terms and conditions applying to the insurance cover. To the extent there is any inconsistency with the terms of the insurance cover provided by the insurer, the terms of the insurance policy will prevail.

The information provided is of a general nature and does not take into account your personal needs, financial circumstances or objectives. Before acting on this information, you should consider the appropriateness of the information, having regard to your needs, financial circumstances or objectives. The case studies used in this article are hypothetical and are not meant to illustrate the circumstances of any particular individual. Opinions expressed in this document are those of the authors only.

ANZ does not represent or guarantee that access to the ANZ Internet Banking or the ANZ App will be uninterrupted. Temporary service disruptions may occur. ANZ recommends that you read the ANZ App Terms and Conditions available at anz.com and consider if this service is appropriate to you prior to making a decision to acquire or use the ANZ App.

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