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Robust returns for the
2016-17 year


Published September 2017

Super funds recorded strong results in the past financial year, with sharemarkets driving that performance, says Mark Rider.

ANZ Smart Choice Super lifestage options performed well in the 2016-17 financial year, with half of the lifestage options earning near or above 10 per cent returns across the 12 months to the end of June.

Those born in the 1990s earned 10.91 per cent in their ANZ Smart Choice Super lifestage option, while the 1980s option returned 10.72 per cent, and those born in the 70s earned 9.73 per cent.

The essential reason for this performance is that younger lifestage options are more heavily invested in higher growth and higher risk assets, such as shares, which have generally performed quite well throughout the financial year.

And conversely, for those in born in the 1940s and 50s, returns are lower, though certainly positive, as their options are invested in lower returning, defensive assets such as cash and fixed income. (Because people closer to or in retirement have less time to recover any losses from their investments, so have a more conservative mix to protect their balance.)

ANZ Smart Choice Super lifestage options performance (%)

Fund
(decade of birth)

3 months

6 months

1 year

3 years (p.a.)

1940s

0.87

2.13

3.05

3.98

1950s

0.95

2.61

5.09

5.51

1960s

1.13

3.37

7.72

6.58

1970s

1.24

3.91

9.73

7.35

1980s

1.31

4.17

10.72

7.82

1990s

1.31

4.24

10.91

7.87

2000s

1.29


Note: Returns quoted use the unit price which is calculated using the net asset values for the relevant month end. Please note that all returns are after the deduction of investment fees. Reporting data is to June 30, 2017. p.a. = per annum. Past performance is not a reliable indicator of future performance. The 2000s fund’s inception was on February 18, 2017 and therefore only the 3-month performance data is available.

If you want to do more of a deep dive into how particular assets performed you can check out the ‘Choose your own investment mix’ table below. Just a word of caution; it’s always best to consider your superannuation as a long-term investment. How it performs over 10 or 20 years is much more important than the past three months, for example.

To see your personalised return in your annual statement, follow the instructions at the base of this article.

The June quarter

Looking at the ‘3 months’ column in the table above, which covers from March to June, the returns on your superannuation investments remained strong, following the first three months of 2017. (You can click on your decade of birth in the table above to read a more detailed explanation of your fund and its performance.)

The driving force behind this was a stronger global economy, with most sharemarkets, where a lot of superannuation funds are invested, gaining throughout the three months to the end of June 2017. There were also solid returns in bond markets.

Returns on investments in Australian shares weren’t as strong, with such factors as weaker retail sales and the ‘big bank’ levy announced in the federal budget, limiting gains in local stocks. Overall, super returns would have been stronger had the Australian sharemarket not been held back.

Those ANZ Smart Choice Super members that choose their own investments can see results for different classes of assets below. In the past year we can see just how well share investments performed in Australia and across the world.

ANZ Smart Choice Super Choose your own investment mix performance (%)

Option

3 months

6 months

1 year

3 years p.a.

Cash

0.34

0.68

1.46

1.85

Conservative

0.79

1.92

2.80

3.74

Moderate

0.99

2.75

5.41

5.69

Growth

1.22

3.61

8.74

7.01

Australian equities

-1.25

3.06

12.89

6.62

International equities (hedged)

2.87

7.96

18.07

8.61

International equities (unhedged)

3.18

3.91

13.04

Global property

1.58

1.90

0.01

8.13

Global fixed interest

0.94

1.43

-0.08

4.03

Australian fixed interest

0.77

Global Smaller Companies*

3.15

2.93

15.27


Note: Returns quoted use the unit price which is calculated using the net asset values for the relevant month end. All returns are after the deduction of investment fees. Reporting data is to June 30, 2017. PA = per annum. Past performance is not a reliable indicator of future performance. Note the Australian Fixed Interest fund’s inception was on 18th February 2017 and therefore only the 3 month performance data is available. The International Equities (unhedged) fund and the Global Smaller Companies fund inception was on 25th May 2015 and therefore the 3 year performance data is not yet available.
*The Global Small Companies investment option is not available to members of ANZ Smart Choice Super and Pension.

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 their ANZ Smart Choice Super account in ANZ Internet Banking.

(Note: The above investment returns are not applicable to QBE members. Refer below for important information.)

See your personalised return in your annual statement

Members across the ANZ Smart Choice Super suite of products can see a personalised rate of return for their account for the 2016-17 financial year via their annual statement.

For all members of ANZ Smart Choice Super and Pension product, statements are online and available now.

Members in the ANZ Smart Choice Super for employers and their employees product, can see their statement online from mid-September onwards.

Access your super to read your annual statement

  1. Log into ANZ Internet Banking
  2. Select your ANZ Smart Choice Super account
  3. From the Snapshot page navigate to the Transactions page from the menu bar
  4. Select “View Statements” and download the PDF.

If you need help getting online, call Customer Service on 13 12 87 (Monday-Friday 8.30am-6.30pm AEST)

Talk to us about superannuation

13 12 87

Mon-Fri 8am to 7pm (AEST) 

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1. 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. 

2. 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.

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

 

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.

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