AustralianSuper’s Balanced option was the best performing fund for the year, and also ranked in the top three for the 3, 5 and 7 years to 31 December 2017.*
The Balanced option returned 13.59% against the median option’s return of 10.72% for the year, and 11.11% against the median option’s return of 9.66% for the five years to 31 December 2017.
The Balanced option for retirement income accounts returned 14.88% for the year, and 12.36% for the five years to 31 December 2017
This was the best calendar year return in five years, with all other investment options delivering positive returns. Those with higher weightings to shares were the strongest performers.
Deputy Chief Executive and Chief Investment Officer, Mark Delaney, said: “2017 marked a significant milestone in the recovery of the global economy, with improvement across all areas. We’re starting to see synchronised growth in four of the world’s largest economies; the US, China, Europe and Japan.”
“Investors became more confident as concerns about the health of the global economy and financial markets waned. This was reflected in the strong returns across world share markets, with the US, Japan and Australian Resource companies the standout performers.”Back to News