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ANZ Smart Choice Super report: March 2016


Published June 2016

Super funds were hit by market volatility early this year, but there are some bright spots.

Following a volatile start to the year, markets rallied in March as oil prices recovered and consumers became more positive.

Actions taken by the European Central Bank and China to encourage growth in their economies have also helped the market turn around.

SuperRatings' median superannuation returns reflected market performance*, with March seeing an improvement in investor confidence and the average balanced option for Australian super funds rising by 1.7 per cent for the month. However, this was let down by poor returns experienced in January and February resulting in a median fund return of negative 1 per cent for the quarter in total.

ANZ Smart Choice Super performance

Investment options with lower exposure to growth assets fared better during the first quarter of the year. As can be seen in the table below, the 1940s and 1950s lifestage options in particular were shielded from the negative effects of market volatility.

While some portfolios experienced minor negative returns this quarter, it’s important to remember that superannuation is a long-term investment to achieve retirement goals, rather than an investment focussed on short-term returns.

Please refer to the below table for the latest investment returns, as at March 31 , 2016.

ANZ Smart Choice lifestage options’ performance (%)

Option 3 months 6 months 1 year 3 years (p.a.)
1940s 0.75% 1.77% 0.47% 4.22%
1950s 0.02% 2.04% -0.83% 5.91%
1960s -0.79% 1.96% -2.34% 6.67%
1970s -1.24% 2.01% -3.22% 7.03%
1980s -1.53% 1.86% -3.64% 7.32%
1990s -1.62% 1.89% -3.75% 7.35%


Choose your own investment mix

Option 3 months 6 months 1 year 3 years (p.a.)
Cash 0.47% 0.94% 1.93% 2.22%
Conservative 0.77% 1.78% 0.43% 3.77%
Moderate 0.08% 2.09% -0.72% 5.80%
Growth -0.96% 2.05% -2.68% 6.74%
Australian equities -2.12% 3.52% -7.41% 5.45%
International equities -1.80% 3.85% -2.96% 9.50%
Global property 4.04% 9.53% 4.36% 10.52%
Global fixed interest 3.11% 3.52% 3.25% 4.81%


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 their ANZ Smart Choice Super account in ANZ Internet Banking.

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* Source: SuperRatings Fund Crediting Rate Survey March 2016. Balanced (60-76) Option: a diversified fund option with a growth assets ratio between 60% and 76%.

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 your ANZ Smart Choice Super account in 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 via your ANZ Smart Choice Super account in ANZ Internet Banking.

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.

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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